Project Title: Industrial Energy Efficiency in Key Sectors
The project “Energy Efficiency in Key Industrial Sectors” is financed by the GEF within “Climate Change” focal area. The project is implemented by United Nations Industrial Development Organization (UNIDO) as implementing agency of the GEF, in association with Iranian Fuel Conservation Company (IFCO) as national executing partner. The project was approved in August 2012 and is of a duration of five years.
The total cost of the project is US$ 20,600,000, comprising both cash and in-kind. The allocated GEF fund to the project is US$ 5,450,000 supported by US$ 15,000,000 of co-financing from Iranian stakeholders (Government and Industry) and US$ 150,000 from the UNIDO.
The main objective of the project is to promote energy efficiency in five key industrial sectors (Iron&Steel, Petrochemical, Refinery, Cement and Brick) by developing a framework for National Energy Management Standards, assisting in capacity building through training, providing benchmark studies and identifying technology improvement options to these industrial sectors.
The project aims to make a major contribution towards Iran’s long-term energy efficiency strategy, to reduce relative energy consumption across all industrial sectors by 20% up to 2024/2025 compared with 2008 as the base-year.
Taking an independent and indirect effect on energy efficiency legislations of Iran and identifying appropriate policy frameworks in compliance with project objectives.
Disseminating project information and awareness raising on international EE best practices (BPs) and technologies, selected case studies and best available technologies, with all stakeholders effectively though project website and other awareness tools .
Developing capacity building and knowledge transferand, create a national cadre of experts on energy management systems, system optimization and energy audit compatible with industry needs.
Supporting implementation of energy efficiency demonstration projects in five key sectors in order to act as a show case for other industries, conducting energy audits and promoting monitoring and targeting (M&T).
Introducing a financial scheme compatible with financial structure of the country in the framework of revolving fund to encourage and support industry for investing in energy efficiency projects.