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Manama, Dec. 13 (BNA): His Highness Shaikh Nasser bin Hamad Al Khalifa, His Majesty the King’s Consultant for Humanitarian Works and Youth Affairs, Chairman of Bapco Energies, at the moment chaired the Firm’s Board of Administrators assembly for the final quarter of the yr.
HH Shaikh Nasser recommended the speech delivered by His Majesty King Hamad bin Isa Al Khalifa earlier than the COP28 Summit saying the launch of Bahrain’s Nationwide Motion Plan, “Blueprint Bahrain”, which is geared toward attaining carbon neutrality.
His Highness emphasised that His Majesty’s announcement marks a big milestone in Bahrain’s vitality sector transformation and sustainability journey.
HH Shaikh Nasser congratulated His Majesty King Hamad bin Isa Al Khalifa and His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, on the event of the Kingdom of Bahrain’s celebration of its Nationwide Days, in commemoration of the institution of the trendy Bahraini State as an Arab, Muslim state based by Ahmed Al Fateh in 1783, and the anniversary of His Majesty King Hamad bin Isa Al Khalifa’s Accession to the Throne.
His Highness recommended the group’s achievements within the present yr, which included launching the Sustainability-Linked Finance Framework (“Framework”), making it the world’s first nationwide vitality group to implement this observe. That is along with partnering with regional establishments to develop a nationwide portfolio of vitality corporations, and enhancing funding alternatives within the sector. This led to its success in refinancing Murabaha services value $2.2 billion, growing it to $2.5 billion, and issuing Sukuk value US$750 million for 10 years.
His Highness welcomed Bapco Energies Group’s transformation into world-class governance processes and the completion of the primary environmental and social affect evaluation for Bahrain; in addition to comducting the feasibility research for a carbon seize and storage mission to attain 10% of the goal of decreasing carbon emissions by 2035.
The assembly reviewed the group’s monetary efficiency for This fall 2023, specializing in main tasks aligned with Bahrain’s nationwide vitality technique.
Additionally they mentioned a strategic funding package deal to help the group’s transformation mission in step with international sector adjustments.
Mark Thomas, the Group Chief Government Officer of Bapco Energies, offered the corporate’s environmental and social governance report, which outlined procedures for attaining well being and security ideas. It additionally coated forming an atmosphere, well being, and security working committee to create coaching packages for 2024 tasks and standardise information assortment for larger transparency, integrity, and accountability.
Abdulla Jehad Al Zain, Chairman of the Board of Administrators of Bapco Refining Firm; Dr. Abdulrahman Jawahery, Chief Government Officer gave a presentation on the newest Bapco Modernisation Programme (BMP).
Faisal Al Mahroos, BAPCO’s Chief Government Officer and Johann Pleininger, the Chief Government of Tatweer Petroleum, gave a presentation the corporate’s ongoing exploration and manufacturing exercise.
Y.R
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