China: Conversion of CFC-12 small open-type refrigerating compressor to HCFC-22 refrigerating compressor at Subei Refrigeration Machinery Factory, conversion of CFC-12 small open-type and semi-hermetic refrigerating compressor to HCFC-22 refrigerating compressor at Zhenjiang Refrigerating Equipment Factory (ZREF), conversion of CFC-12 small and medium open-type refrigerating compressor production at Zhejiang Chunhui Company (Group) (ZCC), conversion of CFC-12 small open-type refrigerating compressor production at Ningbo Refrigerating Machinery Factory, conversion of CFC-12 medium open-type refrigerating compressor at Wuhan New World Refrigeration Industrial Co. Ltd., conversion of CFC-12 medium open-type refrigerating compressor at Chongzing Bingyang Refrigeration Machine Co., and conversion of CFC-12 medium open-type refrigerating compressor to HCFC 22 compressor at Guangzhou Refrigerating Machinery Factory (UNEP/OzL.Pro/ExCom/22/28)
Having considered the recommendation of the Sub-Committee on Project Review (UNEP/OzL.Pro/ExCom/22/15, para. 30), the Executive Committee decided:
(a) To approve for funding, together with support costs, the above seven projects submitted by the World Bank at the levels indicated in Annex VI [to document UNEP/OzL.Pro/ExCom/22/79/Rev.1];
(b) That the funding was approved on the basis of the newly estimated level of eligible incremental costs arising from a technical analysis carried out jointly by the World Bank and the Fund Secretariat, subject to a further discount of 12 per cent for the technical upgrade also determined in the technical analysis;
(c) Not to apply the estimated 8 per cent discount arising from excess capacity identified by the Secretariat in the project proposals.