Uzbekistan’s Tashkent Pipe Plant (TPP) has secured a loan of up to USD 25 mln from the European Bank for Reconstruction and Development (EBRD) to support energy-efficiency upgrades and expand its long steel and pipe production capabilities.
The financing will be used to replace and modernize the company’s wire rod drawing mill and install energy-efficient equipment at its pipe insulation facility, including a medium-frequency induction heating system used for metal hardening and forging processes.
The project will support the modernization of TPP’s long steel production operations and the development of insulated large-diameter pipe manufacturing.
According to the EBRD, the upgrades are expected to reduce the plant’s annual natural gas consumption by 22pct and electricity usage by up to 35pct, while improving operational efficiency and competitiveness.
The investment will help TPP meet growing demand for steel products from Uzbekistan’s construction and infrastructure sectors.
The project is supported by the Japan-EBRD Cooperation Fund and the EBRD’s Finance and Technology Transfer Centre for Climate Change (FINTECC) programme as part of the bank’s Green Economy Transition strategy. Tashkent Pipe Plant is one of Uzbekistan’s leading private steel firm, producing steel pipes, profiles and long steel products for domestic and export markets.
