Nam Houng - 1 Hydro Power Project
#274of 1935 in Renewable energy#1of 10 in Lao#127of 1339 in Verra (VCS)#98of 806 in AMS-I.D
Audit Analysis
The Nam Houng-1 small hydro project (AMS I.D v17.0) is a straightforward renewable energy project with a VVB-confirmed investment additionality test and conservative credit delivery (approximately 63% of the pro-rata ex-ante expectation for the elapsed monitoring period). However, five inter-document contradictions—particularly on baseline method and leakage justification—introduce meaningful uncertainty about the robustness of the underlying assumptions. The project lacks a stated buffer pool and has no CORSIA/CCP eligibility determination on record.
Red Flags
- Baseline method is stated as 'project-specific' in the verification report but 'jurisdictional' in the monitoring report—a fundamental methodological discrepancy that affects the validity of the credit calculation
- Leakage justification is 'deemed negligible' in the verification report but 'quantified' in the monitoring report, creating ambiguity about whether a quantitative leakage assessment was actually performed
- CORSIA eligibility and CCP status are not stated in any available document, leaving dual-channel risk unassessed
Credit Vintages
No issuances recorded on the registry.
Risk Indicators
VVB-confirmed investment test
no reversal events recorded
0% deduction, justification inconsistent across documents
Project-specific per VVB; contradicted by monitoring report
FPIC conducted, grievance mechanism present
CORSIA and CCP status not stated in any document
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