PoA GS11815- Electric Cooking Program by ATEC - Electric Cooking Program in Cambodia by ATEC-VPA01

Audit Analysis

The ATEC electric cooking program in Cambodia is a Gold Standard energy-efficiency project with VVB-confirmed additionality and smart-meter monitoring, but it is undermined by a project-specific baseline with no stated reassessment date, a 0% leakage deduction that is contradicted by the earlier validation report, and multiple unresolved discrepancies in ex-ante emission-reduction figures. The project delivered only about 3% of its pro-rata ex-ante expectation for the elapsed monitoring period, which is reassuring against over-crediting but raises questions about the robustness of the original estimate.

Project Description

Red Flags

• ⚠Ex-ante lifetime ERR appears in two different values (≈276,000 and ≈712,000) within the same appendix dated 2022-09-30, creating material uncertainty about the true baseline estimate.
• ⚠Leakage treatment is inconsistent: the 2025 verification report states leakage is 'deemed negligible' with a 0% deduction, while the 2023 validation report describes it as 'quantified'—the two documents cannot both be correct.
• ⚠Grid emission factor differs between the monitoring report (0.588 tCO₂e/MWh) and the 2022 appendix (0.412 tCO₂e/MWh), a 43% gap that materially affects the carbon accounting.

Credit Vintages