The GCC Project Verifier EPIC Sustainability Services Private Limited, certifies the following with respect to the GCC Project Activity “Ülkün-II HPP”.

The Project Owner has correctly described the Project Activity in the Project Submission Form (version 3.1, dated 23/10/2023) including the applicability of the approved methodology AMS-I.D. Version 18.0 and meets the methodology applicability conditions and is expected to achieve the forecasted real and additional GHG emission reductions, complies with the monitoring methodology, has appropriately conducted local and global stakeholder consultation processes and has calculated emission reductions estimates correctly and conservatively.

The Project Activity is likely to generate GHG emission reductions amounting to the estimated 9,437 tCO_2e annually throughout the crediting period, 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.

The Project Activity is not likely to cause any net-harm to the environment and/or society and complies with the Environmental and Social Safeguards Standard, and is likely to achieve the Environmental No-net-harm Label (E⁺) & Social No-net-harm Label (S⁺).

The Project Activity is likely to contribute to the achievement of United Nations Sustainability Development Goals (SDGs), complies with the Project Sustainability Standard, and contributes to achieving a total of 03 SDGs, with Silver SDG certification label (SDG⁺).

The Project Activity complies with all the applicable requirements of the GCC Program and ICAO’s requirements on CORSIA Emissions Unit Eligibility Criteria and CORSIA Eligible Emissions Units, as per Clarification No 1., v1.3 paragraph 21-23, and the ACCs expected to be issued during the crediting period 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. For carbon credits issued during 1st Jan 2016 to 31st Dec 2020, Host Country Attestation on Double Counting is not required for CORSIA labelled credits. The Host Country Attestation on Double Counting will be provided during the first or subsequent verification, when the issuance of carbon credit is considered beyond 1st Jan 2021

The Project Activity complies with all the applicable GCC rules and therefore recommends GCC Program to register the Project activity with above mentioned labels.