Thailand: Elimination of ODS used in the production of household refrigerators at Kang Yong Electric Public Co., Ltd., Sanyo Universal Electric Public Co., Ltd., and Thai Toshiba Electric Industries Co., Ltd. (Phase II) (UNEP/OzL.Pro/ExCom/21/22)
Having noted the recommendations of the Sub-Committee on Project Review (UNEP/OzL.Pro/ExCom/21/12, para. 19), the Executive Committee decided:
(a) To approve funding for Sanyo Universal Electric Public Co., Ltd., and Thai Toshiba Electric Industries Co., Ltd., with relevant cost elements calculated on the basis of the 1995 level of production, for the amounts indicated in Annex V to the present report [document UNEP/OzL.Pro/ExCom/21/36];
(b) With regard to the Kang Yong Electric Public Co., Ltd. project:
(i) Not to approve any additional funding for Phase II since the funding already provided under Phase I exceeded the total funding available under the cost effectiveness threshold applicable to the sector;
(ii) To approve the application of unutilized funding from the Phase I project to those costs agreed as incremental for the Phase II project to a maximum of US $177,553;
(c) To request the World Bank to provide advice as soon as possible on the unutilized funding from the Phase I projects for each enterprise proposed to be returned to the Multilateral Fund.