EBRD to allocate funds to company in Azerbaijan

17:48 - 13.12.2022

December 13, Fineko/abc.az. The EBRD plans to give a loan of $4.2 million to AZ-LEAD LLC.

The loan will consist of three elements: $1 million – to refinance the company's current debt, $1.9 million – to increase the processing capacity of the enterprise and improve energy efficiency, $ 1.3 million – to purchase battery scrap, ABC.AZ reports.

By attracting a loan, AZ-LEADS plans to increase the lead processing capacity from current 7,200 tons to 17,300 tons.

The total cost of the project is $4.4 million.

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