PoA GS11815- Electric Cooking Program by ATEC - Electric Cooking Program in Bangladesh by ATEC-VPA02

Audit Analysis

The ATEC electric cooking program in Bangladesh is a Gold Standard energy-efficiency project with smart-meter monitoring and a VVB-confirmed additionality assessment, but it carries moderate risks from a project-specific baseline, a 0% leakage deduction, and several unresolved data contradictions across documents. The verified ERR of 1,667 tCO2e for the ~9-month monitoring period is consistent with the latest verification report, though earlier documents reported higher figures, raising data-reliability questions. Overall, the project is functional but lacks the robustness of a jurisdictional baseline, a buffer pool, or fully resolved monitoring findings.

Project Description

Red Flags

• ⚠Seven contradictions across documents (leakage justification, ERR figures, fNRB value, FPIC status, fNRB method, crediting period) indicate inconsistent record-keeping between the PDD, monitoring report, and successive verification reports.
• ⚠No buffer pool is stated in any available document, leaving no financial backstop against potential reversal or under-delivery.
• ⚠Leakage deduction is 0% with a justification described as 'quantified' in the 2026 verification report but 'deemed negligible' in the 2025 report — the basis for the zero deduction is not transparently explained.
• ⚠Two findings (FAR 1 and FAR 2) regarding energy use of the digital monitoring infrastructure and data-security/GDPR compliance remain open in the 2026 verification report.
• ⚠The additionality test type is not specified in the extracted record; only the VVB's confirmation is documented, limiting the ability to assess the robustness of the additionality claim.

Credit Vintages