| Project Detail |
Provision of a USD 5,000,000 senior secured loan to JV Angren Insulation LLC (the "Borrower" or the "Company") to finance the acquisition of technological equipment for a greenfield manufacturing plant for the production of thermal insulation products (the "Project") with a manufacturing capacity of 20,000 tonnes per annum.
Project Objectives
The Project aims to (i) strengthen the Co-Borrowers competitive position by improving quality standards in production that will be fully compliant with international certification; (ii) contribute to reducing carbon footprint and thus the green economy through its energy saving qualities; and (iii) improve profitability of the Co-Borrowers.
The Project contributes to two out of three strategic priorities in Uzbekistan: (i) enhancement of competitiveness of the private sector, as well as; (ii) the transition to a greener economy addressing significant transition gaps in the country. |
