Kishanganga Hydroelectric Project
#872of 1935 in Renewable energy#434of 975 in India#540of 1339 in Verra (VCS)#685of 1287 in ACM0002
Audit Analysis
The Kishanganga Hydroelectric Project is a large-scale renewable energy project with a solid jurisdictional baseline and VVB-confirmed additionality, but its MRV record is marred by extensive meter-calibration delays, data inconsistencies, and a 20.6% downward correction to the claimed emission reductions. The project's fundamental design (hydro displacement of grid electricity) carries low inherent risk, yet the volume of material findings and corrective actions required undermines confidence in the precision of the verified figures.
Red Flags
- Fourteen material findings in the verification report, including delayed meter calibration beyond the 5-year interval, three meter replacements, and inconsistent generation data between the ERR sheet and annexes
- The claimed ERR was corrected downward from 1,986,885 to 1,577,127 tCO₂e (a 20.6% reduction) between two monitoring-report versions dated 2024-03-27 and 2024-05-17
- Meter calibration is not under the project proponent's control (managed by PGCIL), creating a structural MRV vulnerability
- CORSIA eligibility and CCP status are not stated in any available document, leaving dual-channel risk unassessed
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2018 | 401,359 | 31,219 | 370,140 | |
| 2019 | 283,483 | 277,356 | 6,127 | |
| Total | 684,842 | 308,575 | 376,267 |
Risk Indicators
VVB-confirmed investment test
Hydro – no reversal risk
0% deduction, minor doc inconsistency
Jurisdictional grid EF, not yet due for reassessment
FPIC conducted, grievance mechanism present
CORSIA and CCP status not stated
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