US$25 Million EBRD Financing to Boost Sustainable Steel Production in Uzbekistan

The European Bank for Reconstruction and Development (EBRD) has approved a loan of up to US$25 million for Tashkent Pipe Plant (TPP), one of Uzbekistan’s largest private producers of fabricated steel products. The financing will support the company’s modernization efforts and improve energy efficiency across its manufacturing operations.

The investment will enable TPP to upgrade its drawing mill used for producing long steel products such as wire rods and install advanced energy-efficient equipment in its pipe insulation workshop. These improvements are expected to strengthen production capabilities while supporting the development of insulated large-diameter pipes for infrastructure and construction projects.

The modernization measures are projected to reduce the plant’s natural gas consumption by 22% annually and lower electricity usage by up to 35% per year. These efficiency gains will help reduce operating costs, improve environmental performance, and enhance the company’s competitiveness in both domestic and regional markets.

Supported through the EBRD’s Finance and Technology Transfer Centre for Climate Change (FINTECC) programme and the Japan-EBRD Cooperation Fund, the project aligns with the bank’s Green Economy Transition Strategy. It also supports Uzbekistan’s broader efforts to promote sustainable industrial growth and energy-efficient technologies.

The project positions Tashkent Pipe Plant to meet increasing demand from the construction and infrastructure sectors while contributing to a more resource-efficient and environmentally sustainable manufacturing industry in Uzbekistan.