The European Bank of Reconstruction (EBRD) has approved the provision of a senior secured loan of up to €15mn to Eurasia Bottlers, a local energy drinks producer in Uzbekistan.
The funds will help finance a €32.4mn project featuring the expansion of existing production capacity with the building of a new plant and the installation of new bottling lines at the company’s principal business location in Tashkent, it said.
One project aim is to reduce imports of energy drinks to Uzbekistan.
“The project will also support the construction of a new BREEAM In-Use (Good)-certified production facility, which will become one of the first certified green buildings for industrial purposes in Uzbekistan,” said the EBRD.
“The Company will also purchase and adopt energy efficient and renewable energy generation technologies that will reduce energy consumption and partially address its own energy needs,” it added.
Eurasia Bottlers, founded in 2020, has been producing "Flash Up" energy drinks under licence from Carlsberg since 2021.
Looking at the financing structure of the loan, the EBRD noted that “the EBRD offers a flexible and risk based interest margin, which is not the practice of local banks”.
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