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EBRD allocates $4,2 mln loan to Azerbaijani company

EBRD allocates $4,2 mln loan to Azerbaijani company

14 December 2022 12:26 (UTC +04:00)

The European Bank for Reconstruction and Development (EBRD) approved a highly secured loan equivalent to $4,2 mln. for a project with a total cost of $4,4 mln. to Az-Lead LLC, which is a manufacturing company in Azerbaijan, the EBRD told APA-Economics.

The loan will consist of three elements: $1 mln. will be directed to refinance the company's current debt, $1,9 mln. for the increase of the enterprise's capacity to improve processing and energy efficiency, while $1,3 mln. to purchase battery scrap. The company plans to increase the capacity of recycled lead production from the current 7,2 thousand tons to 17,3 thousand tons thanks to the EBRD loan.

Rahim Tariverdiyev

EBRD European Bank for Reconstruction and Development Azerbaijani company Az-Lead LLC

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