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DFF - Tashkent Pipe Plant-GET



Project number:


Business sector:

Ferrous Fabricated Metal Product Manufacturing

Notice type:


Environmental category:


Approval date:

13 Sep 2022



PSD disclosed:

09 Sep 2022

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 senior secured loan of up to US$ 15 million to finance the partial replacement of Tashkent Pipe Plant's existing manufacturing line of large diameter spiral submerged arc-welded pipes (SSAW), with a new production line of longitudinal submerged arc-welded pipes (LSAW), leading to reduced greenhouse gas emissions. The Project has a GET share of 76 per cent. 

Transition Impact

ETI score: 60

Green: the EBRD use of proceeds will finance the acquisition of new and more energy efficient production technology for the production of LSAW, reducing energy intensity during production as well as greenhouse gas emissions of the Company, thus supporting green economy transition.

Client Information


JV LLC "Tashkent Pipe Plant" (the "Company" or the "Borrower"), registered under the laws of Uzbekistan, is one of the largest local producers of fabricated steel products and the leading private producer of steel pipes in the country.

EBRD Finance Summary

USD 15,000,000.00

Senior secured CapEx loan of up to US$ 15 million

Total Project Cost

USD 30,000,000.00

The total Project cost amounts to US$ 30 million with US$ 15 million contribution by the Company.


The EBRD's additionality stems from (i) providing financing that is not available in the local market on comparable terms and conditions (e.g. long tenor), and (ii) helping the Company achieve higher environmental standards via the ESAP and a Resource Efficiency Audit.

Environmental and Social Summary

Categorised B (2019 ESP) and Low-Medium Risk. The Company is an existing client of the Bank and has demonstrated a robust approach to Environmental and Social (E&S) matters. The Project involves significant CapEx investment for replacement of the Borrower's current manufacturing line (for the production of spiral welded pipes) with a new manufacturing line (for the production of longitudinal welded pipes). The E&S risks and impacts are associated with construction and operation of the new project and include health & safety, emissions to air, water management, energy efficiency and noise. These impacts are similar to those associated with existing operations and can be readily addressed through mitigation measures and existing E&S management provisions. The previous E&S Action Plan (ESAP) agreed with the EBRD, has been fully implemented, and a new ESAP has been already agreed for the Working Capital project already signed. Nevertheless, the E&S due diligence (ESDD) identified some areas that the Company needs to focus on and a limited ESAP has been developed and will be agreed with the Company before Board. Key added actions include Ensure national environmental permit requirements are fulfilled for any expansion and/or modification of technology, Develop and adopt an Accommodation Procedure and Develop a Resource and Energy Efficiency Plan, as well as the internal and external grievance mechanism and enhancing Company's policies with regards to GBVH. Reporting by the Company to the EBRD on E&S matters will continue on an annual basis.

An Environmental and Social Due Diligence was conducted by ESD and independent consultant and included an Environmental and Social Assessment Report as well as a Resource Efficiency Audit.

The Company operates certified EHS management systems. Labour provisions are generally aligned with PR2. The Company operates three production units: Foundry, Rolling and Extrusion mills that are permitted by the Uzbekistan authorities and in process to achieve compliance with the BAT/BREF documents. The project will also be required to be fully aligned with the IED requirements and the Company needs to amend their permits for each stage of its implementation. The Company has further implemented various energy efficiency investments to reduce energy demand. The area of the Project implementation is not currently subject to flooding and there are no nearby water streams with potential for flooding at present or in the near future.  No land acquisition is required for the Project.    

Occupational health and safety provisions and performance are in line with the EBRD's requirements. 

The project is not associated with any impacts to biodiversity or cultural heritage.

The Project is determined as aligned with the mitigation goals of the Paris Agreement, as it will finance the fabrication of steel products, an activity classified as 'aligned' with the jMDB list as a 'non energy intensive industry'. The PC risk score is 2 meaning that the CART is not considered to be materially exposed to physical climate risk. The Project involves an energy efficiency capex investment and will achieve a GET share of 76%.

Technical Cooperation and Grant Financing

  1. Legal due diligence: €7,500 mobilised to cover an overall assignment of €15,000. Source: Japan-EBRD Cooperation Fund.
  2. Market due diligence: €10,240 mobilised to cover an overall assignment of €11,376. Source: Shareholders' Special Fund.
  3. Financial due diligence:€43,824 mobilised to cover an overall assignment of €62,600. Source: Shareholders' Special Fund.
  4. Environmental due diligence in two stages: €37,820 mobilised to cover an overall assignment of €39,800. Source: Shareholders' Special Fund.
  5. Resource efficiency audit:€44,755 mobilised to cover an overall assignment of €49,750. Source: Global Environmental Facility.

Company Contact Information

Viktoriya Sutsepina
4 Furkat Street, Tashkent, 100021, Uzbekistan

PSD last updated

09 Sep 2022

Understanding Transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and the associated Performance Requirements (PRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”.  The ESP and the PRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation as well as to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about environmental and social performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD additionally requires its clients to disclose information, as appropriate, about the risks and impacts arising from projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and Compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all activities of the Bank in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The Bank believes that identifying and resolving issues at the project assessment approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts, and also helps to monitor integrity risks in projects post-investment.

OCCO is also responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, both within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to All matters reported will be handled by OCCO for follow-up. All reports, including anonymous ones, will be reviewed. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD Enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM  via email to get guidance and more information on IPAM and how to submit a request.


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