Indorama Agro Capex Loan

Location:

Uzbekistan

Project number:

50879

Business sector:

Agribusiness

Notice type:

Private

ESIA disclosed:

24 Apr 2020

Status:

Passed Final Review, Pending Approval

Approval date:

21 Oct 2020

Project description

This project involves the provision of two loans of up to US$70 million, in aggregate, to FE Indorama Agro LLC (“Indorama Agro” or “the “Company”) to support its capital expenditure and working capital needs.  The Project aims to support significant private sector investment in Uzbekistan through the recently-created cotton/textile clusters.  In 2019, the Company started growing cotton in the Kashkadarya and Syrdarya regions of Uzbekistan. The Company's activities involve two cotton farming schemes: direct farming by Indorama Agro and contract farming by independent that engages local farmers to grow and deliver cotton to Indorama Agro under contract with the Company where by the Company pre-finances the farmers.  In accordance with the EBRD’s Environmental and Social Policy the project was categorised “A” requiring the undertaking of a comprehensive Environmental and Social Impact Assessment (ESIA), and public disclosure of the ESIA and associated documents for a minimum period of 60 days.

There is a Project Summary Document available for this project.

ESIA disclosure package

1. ESIA
2. NTS
3. SEP
4. ESAP
5. ESMP
6. LRP
7. Water Study: Executive Summary

Download in ZIP format: Uzbek | English

Interim package

Full ESIA availability

ESIA documentation will be available online:

http://www.indorama-agro.com/news.php 

When COVID-19 restrictions are lifted, the full ESIA documentation will also be available locally at:

FE Indorama Agro LLC
Tashkent office
Mr. Amit Jain
Tel: +998 909 630 155
Email: a_jain@indoramaglobal.com

11/1 Amir Temur Avenue, Mirobod district
100100 Tashkent
Republic of Uzbekistan

And

Karshi office
Mr. Ravshan Tadjiev
Tel: +998 905 066 863
Email: rtadjiev@indorama.uz

And

JSC Kasbi Paxta Tozalash

Muglon, Qashqadaryo Region
Republic of Uzbekistan

And

Syrdarya office
Mr. Jasur Khusankhodjaev
Tel: +998 998 212 000
Email: jkhusankhodjaev@indorama.uz

And

Sardoba Gin, Sardoba city
Oqoltin district,
Gulistan-Gagarin Main Road
Zip code 120500

And

EBRD Resident Office in Tashkent
Tel: +998 78 140 44 00
3th floor, Banking Association of Uzbekistan
1,Qoratosh Street, Tashkent, 100027
Uzbekistan

Enquiries

Environmental, social or general enquiries:

Ms. Khusnora Tukhtapulatova
11/1 Amir Temur Avenue, Mirobod District
100100 Tashkent
Republic of Uzbekistan
Tel: +998 71 2332264
Fax: +998 71 2332270
Email: Info@indorama-agro.com 
www.indorama-agro.com 

This document was prepared at an early stage of project development, before consideration by the EBRD Board of Directors. Details of a project may change following disclosure.

Environmental and Social Impact Assessments and ESIA summaries are produced by project sponsors, and the EBRD makes them available without any comment or implied endorsement. Any views expressed or statements made in the Environmental and Social Impact Assessment or the ESIA Summary do not necessarily reflect the views or opinions of the EBRD.

Last updated 25 June 2014

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