The European Bank for Reconstruction and Development (EBRD) has announced a loan of up to $25 million to support energy-efficiency upgrades at Tashkent Pipe Plant (TPP), one of Uzbekistan’s leading private steel producers.
The financing will enable the company to replace and modernise key production equipment, including the drawing mill used to manufacture long steel products such as wire rods. TPP will also install energy-efficient technologies at its pipe insulation workshop, including a medium-frequency induction heating system used in metal hardening and forging processes.
According to the EBRD, the project will support the continued modernisation of the company’s steel manufacturing operations while expanding production capacity for insulated large-diameter pipes used in infrastructure and industrial projects.
The upgrades are expected to reduce the plant’s annual natural gas consumption by 22 per cent and cut electricity use by up to 35 per cent, helping to improve operational efficiency and reduce emissions.
The investment is expected to strengthen TPP’s competitiveness and help meet growing demand for steel products in Uzbekistan’s construction and infrastructure sectors.
The project is being supported through the Japan-EBRD Cooperation Fund and the EBRD’s Finance and Technology Transfer Centre for Climate Change programme, which promotes the adoption of resource-efficient technologies.
The EBRD remains one of Uzbekistan’s largest international investors. To date, the bank has invested nearly $6.9 billion across 210 projects in the country, with most of the funding directed towards private sector development.
Uzbekistan has also remained the largest recipient of EBRD financing in Central Asia for the past six consecutive years.
Iran’s Islamic Revolutionary Guard Corps (IRGC) said on Tuesday that its Navy had struck U.S. military barracks, a satellite communications centre a...
The United States carried out a third consecutive night of airstrikes against Iran, targeting military capabilities around the Strait of Hormuz as Don...
A newly introduced refereeing protocol has intensified debate over fairness at the FIFA World Cup, with another controversial decision involving defen...
Afghan authorities in Kabul and Herat have sought wider investment, trade and environmental cooperation with Uzbekistan, Russia, Kazakhstan, Iran and an international aid organisation.
Uzbekistan is preparing for one of its hottest weeks of the year, with electricity demand expected to approach a record as temperatures are forecast to reach 44-46°C across parts of the country. Authorities are taking measures to maintain power supplies during the extreme heat.
This is the first of four articles in AnewZ's series examining how conservationists are working to protect and repair damage done to the Aral Sea which lies between Uzbekistan and Kazakhstan.
AnewZ Original Series 'Destination' takes you to Uzbekistan’s largest ski destination and the most modern ski resort in Central Asia: The Amirsoy Mountain Resort.
The 4th Shusha Global Media Forum will bring together nearly 160 media leaders, experts and officials from 54 countries in Azerbaijan's historic city of Shusha on 13-14 July, to discuss journalism’s role in peacebuilding, restoring public trust and tackling challenges.
Typhoon Bavi, the strongest storm to hit the eastern coast of mainland China this year, brought heavy rain, strong winds, flooding and landslides after making landfall in Zhejiang province on Sunday. More than 2.8 million people were evacuated to safety ahead of the storm.
President Ilham Aliyev is holding his annual question-and-answer session with international journalists at the 4th Shusha Global Media Forum in Azerbaijan.
The United States and Iran have significantly escalated their conflict, exchanging heavy missile and drone strikes across the Gulf region. Iran claims it has once again closed the Strait of Hormuz, a vital global shipping route.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 13th of July, covering the latest developments you need to know.
Afghan authorities in Kabul and Herat have sought wider investment, trade and environmental cooperation with Uzbekistan, Russia, Kazakhstan, Iran and an international aid organisation.
Türkiye delivered 30 tonnes of humanitarian aid to earthquake-hit Venezuela on Monday, reaffirming its commitment to supporting the country's reconstruction after last month's devastating earthquakes.
The United Nations Children's Fund (UNICEF) warned on Sunday that 3.7 million children under five in Afghanistan face an increased risk of malnutrition as the peak wasting season from July to September approaches.
Uzbekistan is preparing for one of its hottest weeks of the year, with electricity demand expected to approach a record as temperatures are forecast to reach 44-46°C across parts of the country. Authorities are taking measures to maintain power supplies during the extreme heat.
Iran has said it remains determined to pursue legal action against Israel and the United States over the deaths of senior officials and civilians during recent military confrontations, insisting it will seek accountability through international bodies.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment