The Executive Committee decided to approve the project proposal for the conversion of light commercial packaged and ducted air-conditioning-system manufacturing at Voltas Limited from the use of R-407C and R-410A to HFC-32, in the amount of US $422,561, plus agency support costs of US $29,579, for UNDP, on the understanding:
- That 63,383 carbon dioxide-equivalent tonnes of HFCs (30.29 metric tonnes of R-407C and 4.63 metric tonnes of R-410A) would be deducted from the starting point for sustained aggregate reductions in HFC consumption once it had been established and that the deduction would be undertaken in accordance with the methodology agreed in the HFC cost guidelines currently under discussion;
- That the project would be integrated into stage I of the Kigali HFC implementation plan for India once the plan had been fully formulated for submission for consideration by the Executive Committee; and
- That the level of costs approved would not constitute a precedent for future individual HFC investment project proposals.