China: Conversion of manufacturing facilities from CFC-11 foaming agent to cyclopentane and CFC-12 refrigerant to HFC-134a at Gansu Changfeng Baoan Industry Co. Ltd. (UNEP/OzL.Pro/ExCom/20/17)
The Executive Committee, having noted the discussion in the Sub-Committee on Project Review on whether operating costs associated with HFC-134a compressors, such as higher costs for lubricants, were eligible incremental costs, and the recommendation by the Sub-Committee (UNEP/OzL.Pro/ExCom/ 20/5, paras. 25-26), decided:
(a) To approve the capital costs of the project, as indicated in Annex V to [document UNEP/OzL.Pro/ExCom/20/72], pending determination by the World Bank, in consultation with the Secretariat, of accurate figures for the operating costs and of whether there was any element of double counting;
(b) To examine the question of operating costs at a subsequent meeting.