Bahrain-based high-grade iron ore pellet supplier Bahrain Steel has announced that it has launched its substantial investment projects totaling up to $250 million as part of its ongoing environmental conservation and decarbonization efforts. The projects that will support the company’s operations on a larger scale and aim to achieve environmental and societal sustainability will include building a roof to cover the iron ore materials area, establishing a solar energy project and allocating an industrial land plot.
This month, Bahrain Steel inked a memorandum of understanding with the country’s Electricity and Water Authority for a rooftop solar power system with a capacity of 100 megawatts, which will be the largest in Bahrain, as SteelOrbis previously reported. The solar photovoltaic system will produce about annual 167,000 megawatts-hour of energy.