MFF: Guangdong Energy Efficiency and Environment Improvement Investment Program - Tranche 1

Measurement and verification. ADB Independent Evaluation Department's report noted that the Guangdong provincial government had incorporated appropriate measurement and verification (M&V) of energy savings for the multitranche financing facility investment program implementation. Third-party M&V agencies ensured fair assessment of achievements of energy savings and emission reduction. The measured and verified results of each subproject provided a solid basis for computing the energy efficiency benefits and achievement of the project.