China: Compressors (4 projects) (UNEP/OzL.Pro/ExCom/20/17/Add.1)
The Executive Committee, noting that China’s strategy for the commercial refrigeration subsector provided for the consolidation of the existing 73 compressor plants into 24 plants, six of the latter had already been approved, decided:
(a) To approve the projects subject to the grant amount being calculated using a 26 per cent discounting factor for technological upgrade. The approved amounts are included in Annex V to [document UNEP/OzL.Pro/ExCom/20/72];
(b) That, in future, projects in the remaining plants submitted for approval should include full baseline information, as well as detailed costs of requested capital equipment, so that an accurate determination could be made on the discounting factor for upgrading and on eligible incremental costs.