Thailand: Programme to reduce the usage of CFC-11 and CFC-12 in chiller servicing by replacing CFC-based chillers with HFC-134a and HCFC-123 chillers at Electricity Generating Authority (EGAT) (UNEP/OzL.Pro/ExCom/26/53)
Having taken note of the comments and recommendations of the Sub-Committee on Project Review (UNEP/OzL.Pro/ExCom/26/16, paras. 47-50), the Executive Committee decided, on the understanding that no other chiller replacement projects would be put forward by the World Bank until the Executive Committee had been informed of progress of the current project;
(a) That the terms of the loan agreement would ensure that the funds would be returned to the Multilateral Fund at the end of the project or at the end of the fifth year of the programme if the demonstration project was unsuccessful;
(b) That the amount to be refunded to the Multilateral Fund should exclude losses related to technology and currency risk;
(c) To request the World Bank to explore and implement measures to safeguard the resources of the Multilateral Fund and ensure expeditious implementation of the programme;
(d) To approve funding for the project in the amount indicated in Annex III to the present report, on the understanding that the project did not constitute a precedent and that its approval was without prejudice to the ongoing discussions on the question of concessional lending;
(e) To request the World Bank to provide an annual update on the status of the project and to draw lessons learned based on the following information:
(i) Whether actual savings were equal or greater than originally anticipated;
(ii) Whether CFCs from old chillers were properly recovered, recycled and reused in servicing remaining chillers.