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GEFF participating bank “Ipak Yuli” is promoting green financing through leasing

Investor
Construction Company "Ozodxon Farm" LLC
Location
Almalyk city, Tashkent region
Investment
Sinotruck HOHAN concrete mixer leased
Investment Size
USD 126,432
Energy savings
73.1 MWth p.a.
CO2 savings
46.2 tons/yr
Donor
EBRD

"Ozodxon Farm" LLC is a construction company and a client of Ipak Yuli Bank - a participating financial institute of GEFF in Uzbekistan. Being in an acute need for mobile concrete mixers, the Sub-borrower applied to Ipak Yuli bank for a financing.

Ipak Yuli Bank, in turn, approached GEFF with the request and it was verified that the required transport is in line with the GEFF eligibility certificate and the annual energy saving to be 73.1 MWh and GHG emission avoided - 46.2 tonnes.

The owner of Ozodxon Farm, Mr. Najmiddin Umarov, negotiated with the bank the purchase of two new concrete mixers worth US$ 126,432 from Sinotruck Machines (China) under a leasing scheme, wherein US$ 92,000 came from GEFF Credit Line with the bank. Ozodxon Farm also received US$ 9 200 grant from EBRD for participation the Green Economy Financing program in Uzbekistan.

Mr. Umarov expressed his hope that the new mixers will ensure sustainability of his business, higher efficiency, reliability and loyalty of the clients.

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