CTI Certification Co., Ltd. (CTI) was contracted by Sinohydro (Hong Kong) Holding Ltd. on behalf of GCC project owner for verification of the project activity “Upper Marsyangdi A Hydropower Project” in Nepal.

a. has correctly described the Project Activity in the Project Submission Form (Version 6.0, Dated 04/03/2025) including the applicability of the approved methodology ACM0002: “Grid-connected electricity generation from renewable sources”, Version 21.0 /8/ 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 92,109 tCO2e 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 4 SDGs, which is likely to achieve the Silver SDG certification label (SDG +).

e. CORSIA eligibility was confirmed