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This project seeks to reduce greenhouse gas (GHG) emissions by providing technical assistance to small and medium-sized steel rerolling mills in India that will enable them to adopt more energy efficient and environmentally friendly technologies. For capacity building and information dissemination, the Ministry of Steel will establish a center for training, information and capacity strengthening on a sustained basis. It will also develop institutional linkages with energy-service companies for providing off-the-shelf technologies from international equipment vendors. These actions, together with investment support provided by the Banking Sector are expected to result in a transformed and efficient steel re-rolling sector.
Financial mechanism
GEF
Date of approval
Status
Completed
Countries
Managing organisations
Ministry of Steel
Implementing organisations
UNDP
Project ID
1240
GEF project type
Full size
GEF project phase
GEF - 3
GEF Cofinancing
$25.110.000
GEF project grant
$6.750.000
Executing Agencies
Ministry of Steel