Decision 95/79

The Executive Committee decided:

1. To approve the pilot project to enhance the energy efficiency of stand-alone commercial refrigeration equipment in Malaysia in the context of the HFC phase-down (investment and non-investment activities), in the amount of US $915,689, plus agency support costs of US $64,098, for the World Bank, noting:
   1. That the Government of Malaysia had committed to the conditions referred to in decision 91/65(b)(iv)b. to (b)(iv)d.;
   2. That the Government of Malaysia had committed to implementing minimum energy performance standards for stand-alone commercial refrigeration equipment by 1 January 2029;
   3. That, if there was a delay in the project and the enterprises Berjaya Steel and Zun Utara were not able to manufacture equipment meeting the proposed energy efficiency targets (or better) within 36 months, the following steps would be followed:
      1. At the end of the first year following the 36-month period (i.e. 31 December 2028), the enterprises would submit an annual report on the status of the project, including the energy efficiency of the equipment manufactured, the reasons for the delay and measures planned to get the project back on track;
      2. At the end of the second year following the 36-month period (i.e. 31 December 2029), the agreed additional component incentive would no longer be provided to the enterprises and would instead be returned to the Multilateral Fund;
   4. That, of the agreed funding, US $415,689, plus agency support costs of US $29,098, for the World Bank, would be allocated to the funding window approved under decision 94/60, and that US $500,000, plus agency support costs of US $35,000, for the World Bank, would be allocated to the funding window approved under decision 91/65; and
   5. That the project would be operationally completed no later than December 2027, and that a detailed project report would be submitted to the Executive Committee within six months of the date of completion of the project.