Tata Steel has signed an agreement with National Grid Plc's Electricity System Operator to build the power infrastructure required to switch its Port Talbot site to a green steel project.

MOUs and Agreement

The deal will see the British grid operator build the new electrical framework capable of powering the Indian company's 3.2 million-ton electric arc furnace by the end of 2027. "This will help us replace our aging and carbon-intensive blast furnaces with a state-of-the-art electric arc furnace capable of producing our customers' most demanding steel products," said Rajesh Nair, chief executive of Tata Steel.


      Last year, the UK agreed to pay up to £500 million ($635 million) to help Tata Steel overhaul the country's biggest steelworks and keep it running - one of several hefty subsidies to persuade companies to stay in Britain.

      Tata expected 2,500 roles to be impacted within the next 18 months from the move.

     

 

     


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