📋 Tender Overview
Project ID: 56127
Status: Approved
Location: Uzbekistan
Business Sector: Manufacturing and Services
Notice Type: Private
Environmental Category: B
Approval Date: 27 May 2025
Disclosure date: 27 May 2025
As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."
Project Description
The provision of a US$ 6 million senior secured loan to Angren Group (Group) engaged in the production of glass wool thermal insulation materials and glass veil in Uzbekistan. The loan will finance the purchase of colouring machines and associated working capital for the existing glass veil manufacturing plant, and balance sheet restructuring through the refinancing of the outstanding balance of the existing EBRD loan.
Project Objectives
The project aims to boost competitiveness and enhance governance. The project will allow expanding glass veil production to meet growing local demand for more customised products. In parallel, the co-borrowers will develop a Corporate Governance Action Plan.
Transition Impact
ETI score:80
Competitive: the Group will adopt ISO standards over the life of the project, which will improve its competitive edge and resource efficiency.
2. Well-governed: the project will help the Group to strengthen corporate governance by improving the transparency, accountability and efficiency.
