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Global Opportunities Funds Projects

The GOF is the FCO's newest Programme Budget and has been created to fund projects around the world relating to the FCO's eight strategic international policy priorities. These projects are co-ordinated through six thematic programmes including the Climate Change and Energy programme (CCEP). The aim of the programme is to promote change in the governance and use of international energy resources and systems to help secure the UK's medium-term global climate change and energy objectives.

1. Feasibility study for standalone renewable energy grid based biomass cogeneration plants in the co-operative sugar sector

Agrinergy has implementing an exciting project that was funded by the GOF aimed at harnessing the renewable energy potential in the Indian sugar co-operative sector.

• 1st quarter report
 • 2nd quarter report
 • 3rd quarter report
 • ISMA Presentation
 • News articles on first project

2. “Utilising the CDM to overcome Barriers to Energy Efficiency Improvement in the Steel Re-rolling Mill Sector in India”.

Following the success of the first project, Agrinergy is currently implementing a second project in India in association with the Indian energy services company DCM Shriram Consolidated Limited Energy Services (DSCL ES) and the Biju Patnaik National Steel Institute (BPNSI). The focus of this second project is the small scale steel re-rolling mill sector.

The steel re-rolling sector in India is fast growing - the national steel policy (NSP) envisages a compounded annual growth of 7.3% per annum in the steel sector. The sector is predominantly made up of small and medium enterprises (SMEs) - Energy use in this sector in India is greater than in Europe and Japan. Although there is a significant opportunity for energy efficiency, the growth is hampered by barriers such as: lack of experience, high investment cost of energy efficiency technologies, and barriers due to raising external finance.

There are 1200 SME units of these mills in India, out of which 80% are situated in five clusters. Carbon finance, through the CDM, is a key factor that can assist these EE projects through the removal of financial and other barriers. The expected potential for carbon credits from this sector is estimated by UNDP/GEF at 5,121,000 tons, but CDM procedures and methodologies are not established for this sector.

The objectives of this GOF project are to identify suitable Energy efficiency projects in the steel re-rolling sector, identify a CDM methodology for these and then work on capacity building, and bundling and financing criteria. This is an important project that will help reduce CO2 emissions in this energy intensive SME dominated sector.