The World Bank Report No: ISR9478 Implementation Status & Results China China HCFC Phase-Out Project (Stage I) (P115561) Public Disclosure Copy Operation Name: China HCFC Phase-Out Project (Stage I) (P115561) Project Stage: Implementation Seq.No: 1 Status: ARCHIVED Archive Date: 14-Apr-2013 Country: China Approval FY: 2013 Product Line: Montreal Protocol Region: EAST ASIA AND PACIFIC Lending Instrument: Specific Investment Loan Implementing Agency(ies): FECO Key Dates Board Approval Date 22-Nov-2012 Original Closing Date 31-Dec-2017 Planned Mid Term Review Date Last Archived ISR Date Effectiveness Date 04-Jan-2013 Revised Closing Date 31-Dec-2017 Actual Mid Term Review Date Global Environmental Objectives Global Environmental Objective (from Project Appraisal Document) The project development objective is to reduce HCFC production and HCFC-141b consumption in the polyurethane (PU) foam sector in order to contribute to the Government of China's endeavor to comply with its Montreal Protocol phase-out obligations for HCFCs by 2015,as well as to reduce emissions of GHG from the production and PU foam sectors. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Investment in HCFC Production Reduction 260.40 Technical Assistance and Policy Support 16.35 Investment in HCFC 141-B Consumption Reduction in the Polyurethane (PU) Foam Sector 204.30 Project Management 11.25 Preparation of HCFC Phaseout Activities Post 2015 2.00 Public Disclosure Copy Overall Ratings Previous Rating Current Rating Progress towards achievement of GEO Satisfactory Overall Implementation Progress (IP) Satisfactory Overall Risk Rating Moderate Implementation Status Overview The project was approved by the Board on November 22, 2012 signed on November 28, 2012 and became effective on January 4, 2013. FECO has signed 20 subgrant agreements Page 1 of 4 The World Bank Report No: ISR9478 with beneficiary enterprises for their technology conversion to reduce HCFC consumption in the polyurethane (PU) foam sector. With regards to the production sector, FECO has prepared its responses to comments received from the Executive Committee on their funding request which will be considered at the next Meeting of the Executive Committee scheduled in April. Public Disclosure Copy Locations No Location data has been entered Results Global Environmental Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Consumption of HCFC141B within Maximum Text Value 5,393 ODP tons 4,450 ODP tons Allowable Limits in 2013 and 2015 Date 12-Nov-2012 25-Mar-2013 01-Jan-2016 Comments Production of HCFC 141B, HCFC 142B and Text Value 29,122 ODP tons 26,210 ODP tons HCFC 22 within maximum allowable limits in Date 12-Nov-2012 25-Mar-2013 01-Jan-2016 2013 and 2015 Comments funding pending approval by MLF Reduction of GHG Emission from the PU Foam Text Value n/a 0.00 11 million tCO2e (tonnes of Sector CO2 equivalent) Date 25-Mar-2013 31-Dec-2016 Comments Reduction of GHG from the Production Sector Text Value n/a n/a 63 million tCO2e (tonnes of CO2 equivalent) Date 25-Mar-2013 31-Dec-2016 Comments funding pending approval by MLF Intermediate Results Indicators Public Disclosure Copy Indicator Name Core Unit of Measure Baseline Current End Target Number of enterprises covered by contracts Number Value 0.00 20.00 100.00 Date 12-Nov-2012 25-Mar-2013 31-Dec-2017 Comments 20 foam enterprises have already signed sub-grant agreements. Number of phaseout contracts signed with Number Value 0.00 0.00 HCFC producer Date 12-Nov-2012 25-Mar-2013 Page 2 of 4 The World Bank Report No: ISR9478 Comments funding pending approval by target to be determined MLF; the number of contracts is dependent on the final configuration of reductions Public Disclosure Copy across the sectors decided between FECO and producers once quota is in place. Implementation of key policies and regulations Text Value consulting with production New non-HCFC Foam sector on methodology for product standards quota system Date 12-Nov-2012 25-Mar-2013 30-Dec-2017 Comments Compliance with project reporting requirements Percentage Value 100.00 100.00 Date 12-Nov-2012 25-Mar-2013 31-Dec-2017 Comments The 2013 Annual Program The target is 100% was submitted and approved by the ExCom in December 2012. No other reports are due. Project Progress reports prepared Percentage Value 100.00 Date 12-Nov-2012 25-Jan-2013 31-Dec-2017 Comments The first progress report The target is 100% covering the period Jan-Jun 2013 will be due in July 2013. Data on Financial Performance (as of 10-Jan-2013) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date Public Disclosure Copy P115561 TF-13143 Effective 28-Nov-2012 28-Nov-2012 04-Jan-2013 31-Dec-2017 31-Dec-2017 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P115561 TF-13143 Effective USD 73.00 73.00 0.00 0.00 73.00 0.00 Disbursement Graph Page 3 of 4 The World Bank Report No: ISR9478 Public Disclosure Copy Key Decisions Regarding Implementation In order for China to meet its obligations under the Montreal Protocol, it will need to control both its consumption and production of HCFC. Funding for the consumption sector was approved by the ExCom in July 2011. The funding for the production sector (Component 2 of the project) is pending approval by the ExCom and will be considered in the next Meeting of the Parties in April. Restructuring History There has been no restructuring to date. Related Projects There are no related projects. Public Disclosure Copy Page 4 of 4