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Chiller - Energy Efficiency Project : restructuring : Main report (Inglês)

The objective of the Chiller Energy Efficiency Project for Philippines is to reduce greenhouse gas (GHG) emissions by replacing inefficient chillers, including both old Chlorofluorocarbon (CFC)-based chillers and non-CFC-based chillers. The restructuring will: (a) change the Project Management Contractor (PMC) from a firm to individual consultants given the simpler nature of the project due to the removal of the Clean Development Mechanism (CDM) revenue; (b) modify the project cost, procurement plan, financing plan and disbursement estimate; (c) clarify the project description for component one and refine the monitoring indicators; (d) revise eligibility criteria; (e) amend sub-grant agreement templates; (f) eliminate the requirement for a mid-term review in lieu of the restructuring and the comprehensive review undertaken in its preparation; and (f) retroactively eliminate the semestral internal audit review for the project as a requirement under the grant agreement but rather include the internal audit review as part of the overall financial management arrangement.




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