$250 million will be invested by Bahrain Steel towards its decarbonisation initiatives.
steel orbis
India
27-12-2023
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Bahrain Steel, a high-grade iron ore pellet supplier based in Bahrain, has declared that, as part of its continuous environmental conservation and decarbonisation efforts, it has begun major investment projects worth up to $250 million. Building a roof to cover the iron ore materials area, starting a solar energy project and securing an industrial land plot are some of the projects that will support the company's operations on a larger scale and strive to achieve environmental and societal sustainability.
As SteelOrbis previously reported, Bahrain Steel signed a memorandum of understanding this month with the nation's Electricity and Water Authority for the construction of the largest rooftop solar power system in Bahrain, with a capacity of 100 megawatts. An estimated 167,000 megawatt hours of energy will be produced annually by the solar photovoltaic system.