The Executive Committee decided:

1. To note the project proposal for the conversion of one commercial and domestic refrigerator manufacturing line at Induglob from the use of HFC-134a as the refrigerant to propane (R-290) and isobutane (R-600a);
2. To approve the project proposal referred to in subparagraph (a) above, in the amount of US $267,885, plus agency support costs of US $18,752, for UNIDO, on the understanding:
   1. That 14,901 CO2-eq tonnes (10.42 metric tonnes) of HFC-134a would be deducted from the starting point for sustained aggregate reductions in HFC consumption once it had been established and that that deduction would be undertaken in accordance with the methodology agreed under the HFC cost guidelines currently under discussion;
   2. That, on an exceptional basis, a comprehensive completion report with detailed information on the eligible incremental capital costs, incremental operating costs, any possible savings incurred during the conversion and relevant factors that facilitated implementation would be submitted within six months of project completion;
   3. That the present project would be integrated into stage I of the Kigali HFC implementation plan for Ecuador, once the plan had been fully formulated ready for submission for consideration by the Executive Committee;
   4. That the level of costs approved would not constitute a precedent for future HFC individual investment project proposals; and
3. To note the commitment of the Government of Ecuador to establish a ban on the import and manufacture of domestic refrigerators and commercial stand-alone refrigeration units using HFC-134a upon completion of the Induglob conversion project.