According to EIB website, the project will finance a new hot stove for the existing integrated steel plant's blast furnace A, as well as the integration of a heating station in the steel shop. The project comprises the capital expenditures related to the installation of new key equipment. This will lead to a significant increase in energy efficiency, entail a considerable reduction of CO2 emissions and increase the consumption of secondary instead of primary raw material. Both investments will lead to more efficient iron and steelmaking and will help to strengthen the promoter's competitiveness.
The Bank's services will establish during the due diligence of the project whether a new EIA is required, as well as appraise any other environmental details.
*No contact information provided at the time of disclosure.*
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