The bank has allocated a loan of USD 20 million to the company to expand its production facilities and accelerate investments in advanced technology.
The financing will support TPP’s working capital needs and enable an increase in the production capacity of insulated large-diameter pipes (LDP). As part of the project, the company will procure raw materials used for protective insulation in water pipes, upgrade its existing coating lines, and install modern coating equipment.
The only insulated LDP producer in the country
TPP is the only company in Uzbekistan that manufactures insulated LDP. These pipes are widely used in water transmission networks, mining operations, residential and commercial construction, as well as major infrastructure projects including bridges, roads and overpasses.
With the completion of the new investment, the advanced insulation technology to be implemented will extend the service life of the pipes from the current 15–20 years to up to 50 years. This will contribute to the development of longer-lasting, environmentally friendly infrastructure across the country and significantly reduce water losses in pipelines, resulting in substantial water savings.
A significant contribution to sustainable infrastructure
The EBRD-supported project is closely aligned with Uzbekistan’s goals to improve access to drinking water. The enhanced durability of the upgraded pipelines is expected to reduce leakages, while improving long-term efficiency in energy and resource consumption.
EBRD investments in Uzbekistan exceed EUR 5.5 billion
To date, the European Bank for Reconstruction and Development has invested EUR 5.57 billion across 193 projects in Uzbekistan. Private-sector initiatives account for the majority of these investments, and supporting the country’s economic growth remains one of the EBRD’s key priorities.
Comments
No comment yet.