CCIPL was contracted by Aera group for project verification of the project activity “Mount Coffee hydropower project”. The project verification was performed based on rules and requirements defined by GCC for the project activity.

The project activity is a hydropower plant, which results in reductions of CO₂e emissions that are real, measurable and give long-term benefits to the mitigation of climate change. It is demonstrated that the project is not a likely baseline scenario and the emission reductions attributable to the project are, hence, additional to any that would occur in the absence of the project activity. The project correctly applies the approved baseline and monitoring ACM0002 version 21.0 and is assessed against latest valid PS, VS and Environment and Social Safeguards Standard, Project-Sustainability-Standard and/or other applicable GCC/CDM Decisions/Tools/Guidance/Forms.

The project activity is likely to achieve the anticipated emission reductions stated in the PSF version 10.0 dated 20/03/2025  provided the underlying assumptions do not change. The expected emission reductions (annual average) from the project activity are estimated to be 120,600 tCO₂e/year over the 10 years crediting period starting from 12/12/2016 to 11/12/2026.

CCIPL has informed the project owners of the project verification outcome through the draft project verification report and final project verification report. The final project verification report contains the information with regard to fulfilment of the requirements for project verification, as appropriate.

CCIPL applied the following verification process and methodology using a competent verification team;

•   the desk review of documents and evidence submitted by the project owner in context of the reference GCC rules and guidelines issued,

•   undertaking/conducting site visit, interview, or interactions with the representative of the project owner reporting audit findings with respect to clarifications and non-conformities and the closure of the findings, as appropriate.

•  preparing a draft verification opinion based on the audit findings and conclusions

•  technical review of the final project verification opinion along with other documents as

appropriate by an independent competent technical review team

•  finalization of the project verification opinion (this report)

Carbon Check (India) Private Limited (CCIPL) has verified and hereby certifies that the GCC project activity “Mount Coffee hydropower project”

( a). has  correctly  described  the  Project  Activity  in  the  Project  Submission Form (version 10.0, dated 20/03/2025)  including  the applicability of the approved methodology ACM0002 version 21.0 and meets the methodology  applicability conditions, is additional and is expected to achieve the forecasted,  real, measurable and additional GHG emission reductions, complies with the monitoring methodology, has appropriately conducted local  and  global  stakeholder  consultation  processes  and  has  calculated  emission  reduction estimates correctly and conservatively.

(b). is likely to generate GHG emission reductions amounting to the estimated 120,600 tCO₂e annually as indicated in the PSF, which are additional to the reductions that are likely to occur in absence of the Project Activity and complies with all applicable GCC rules, including ISO 14064-2 and ISO  14064-3, and therefore requests the GCC Program to register the Project Activity;

(c.) is not likely to cause any net-harm to the environment and/or society and complies with the

Environmental and Social Safeguards Standard, and therefore requests the GCC Program to

register the Project Activity, which is likely to achieve the requirements of the Environmental No-

net-harm Label (E+) and the Social No-net-harm Label (S+); and

(d). is likely to contribute to the achievement of United Nations Sustainable Development Goals (SDGs), comply with the Project Sustainability Standard, and contribute to achieving a total of 3

SDGs, which is likely to achieve the Silver SDG certification label (SDG+)

(e). is likely to contribute to CORSIA Eligible Emission Units and has CORSIA Label (C+) certification valid till 31 December 2020. A written attestation from the Host country on double counting is not required until 31 December 2020 and the project was found meeting the applicable requirements prescribed by ICAO. The Project Activity complies with all the applicable requirement of the GCC Program and ICAO’s requirements on CORSIA Emissions Unit Eligibility Criteria and CORSIA Eligible Emissions Units, as per GCC Standard on CORSIA Eligibility of Projects and Issuances version 2.0, and the ACCs expected to be issued for the monitoring period until 31 December 2020 is likely to be CORSIA eligible and can be used by International Airlines for offsetting their emissions during all phases of CORSIA and therefore requests GCC Steering Committee to append CORSIA Certification label (C+) to this project.