43931-014: AZE: GARADAGH CEMENT EXPANSION AND ENERGY EFFICIENCY PROJECT

Project Data Sheet (PDS): Overview


Description

The project will expand the production capacity of an integrated cement facility from 2,616 tons per day (TPD) of clinker to 4,000 TPD and will replace the existing four wet-type kilns with one modern dry-type kiln, raising annual production of cement from 1.3 to 1.7 million tons per annum. The more efficient dry kiln will reduce specific fuel consumption on a per ton of clinker basis. A direct, unsecured term loan of up to Euro 20 million ($27 million equivalent) to Garadagh Cement Open Joint Stock Company, denominated in euros with a fully-amortizing 5.5 year door-to-door tenor. This project is co-financed in parallel by EBRD. Read More

Country Azerbaijan
Borrower/Equity Investment Name GARADAGH CEMENT OJSC
Project Number 43931-014
Project Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Number 7313
Approval Date 01 Jun 2010
Closing Date 20 Sep 2011
Geographical Location Baku, Azerbaijan
Sector / Subsector Classification Industry and trade
/ Large and Medium Industries
Thematic Classification Economic growth
Environmental sustainability
Private sector development
Safeguard Categories Environment: A
Resettlement: C
Indigenous People: C

 

 

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Project Data Sheets (PDS)

Responsible ADB Officer
Christine F. Infantado
Email contact

Responsible ADB Department
Private Sector Operations Department

Responsible ADB Divisions
Infrastructure Finance Division 1

PDS Creation Date
24 Feb 2010

Last PDS Update
21 Sep 2013

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