On the basis of the discussions in the contact group on HFC investment projects, the Executive Committee decided:
- To note the project proposal for the conversion of a domestic refrigeration manufacturing facility from HFC-134a as the refrigerant to isobutane (R-600a) and conversion of a compressor manufacturing facility from HFC-134a-based compressors to isobutane-based compressors at Mabe Mexico contained in document UNEP/OzL.Pro/ExCom/81/45;
- To approve the project proposal referred to in sub-paragraph (a) above in the amount of US $2,922,400, consisting of US $2,115,012, plus agency support costs of US $148,051 for UNDP, and US $584,988, plus agency support costs of US $74,349 for the Government of Canada, on the understanding:
- That no further funding would be available until the instrument of ratification by the Government of Mexico had been received by the depositary at the Headquarters of the United Nations in New York;
- That 198 metric tonnes (283,140 mt CO2-eq) of HFC-134a would be deducted from the starting point for sustained aggregate reduction of HFCs once the starting point had been established;
- That the project would be completed within 24 months of the transfer of funds to UNDP and the Government of Canada a comprehensive completion report would be submitted within six months of the project completion with detailed information on:
- The eligible incremental capital costs for all equipment and other components including those not funded under the project;
- Incremental operating costs;
- Any possible savings incurred during the conversion and relevant factors that facilitated implementation (e.g. whether any purchased and/or installed equipment or supplies had gone through a competitive quote/bidding process and the details thereof);
- Changes in the energy efficiency of the products being manufactured and any related policies undertaken by the Government;
- Information on the implementation of the servicing component where applicable; and
- That any remaining funds would be returned to the Multilateral Fund no later than one year after the date of project completion.