Noting that the phase-out amount was greater than 10 per cent of the estimated HCFC baseline for compliance because the project pertained to a single enterprise, the Executive Committee decided:
- To approve the project for the conversion from HCFC-141b to cyclopentane technology in manufacturing refrigeration equipment insulation foam at Walton Hi‑Tech Industries Limited at a total cost of US $1,146,074, plus agency support costs of US $85,956 for UNDP;
- To note that the Government of Bangladesh had agreed at the 62nd meeting to establish as its starting point for sustained aggregate reduction in HCFC consumption the estimated baseline of 72.9 ODP tonnes, calculated using actual consumption reported in 2009 and estimated consumption for 2010;
- To deduct 20.2 ODP tonnes of HCFCs from the starting point for sustained aggregate reduction in HCFCs; and
- To request UNDP to provide to the Fund Secretariat, at the end of each year of the project’s implementation period, progress reports that addressed the issues pertaining to the collection of accurate data in line with the objectives of decision 55/43(b), and to include those reports in the implementation reports of the HCFC phase-out management plan, once it had been approved.