Uri II Hydroelectric Project

Audit Analysis

The Uri II Hydroelectric Project is a grid-connected renewable energy project with a sound fundamental design (investment additionality, jurisdictional grid baseline, ACM0002 methodology), but its verification record is marred by an unusually large number of material findings, multiple VVB assessment gaps, and several cross-document contradictions. The project appears to be under-crediting relative to actual generation, which is a positive for claim safety, but the documentation and process quality issues significantly erode confidence in the overall integrity of the credit issuance.

Project Description

Red Flags

• ⚠23+ corrective actions required across validation and verification, including the VVB failing to assess the project proponent, start date, legal compliance, and ownership as mandated by the VCS Validation Report Template
• ⚠The additionality analysis in the validation report included an unsupported time constraint (Kyoto Protocol ratification date) in the common practice test, flagged as Finding 5
• ⚠Calibration of export meters was not performed during the monitoring period; a conservative error factor was applied as a deviation, and calibration was not completed until May 2016
• ⚠Inconsistencies between the Monitoring Report and the ER Worksheet regarding net electricity supplied and generation data for specific dates
• ⚠FPIC status is contradictory: the 2017 verification report records it as not conducted, while the 2024 monitoring report records it as conducted

Credit Vintages