The European Bank for Reconstruction and Development (EBRD) is strengthening Uzbekistan’s green energy infrastructure and long-term decarbonisation plans by supporting Techno Cable Group (TCG), a domestic producer of copper and aluminium electrical cables used in power grids and renewable energy projects.
TCG, which already manufactures over 3,000 types of electrical cable including polyvinyl chloride insulated varieties, will receive a senior loan of up to US$17.5 mln from the Bank. The funds will finance capacity expansion and working capital, enabling the company to purchase new specialised equipment and raw materials.
With the investment, TCG aims to raise copper-wire output by 160% and aluminium-wire production by 230%. The project will also allow the company to broaden its product portfolio and enter external markets, including the European Union.
Boost to Uzbekistan’s 2030 Strategy
The initiative aligns with Uzbekistan’s «2030» strategy, which targets a threefold increase in domestic copper production. By ensuring wider availability of locally produced cables, TCG will support national industrialisation, grid expansion and electrification.
Alongside its production goals, the company will undergo a digital transformation with EBRD support. This will improve accounting systems and streamline finance, HR, supply chain and production processes.
The project also prioritises human capital development. TCG will introduce internship programmes for students from two local universities, strengthening the talent pool and improving the career prospects of young professionals in cable manufacturing.
The EBRD will further provide technical cooperation funds to help implement an enterprise resource planning system, accelerating TCG’s modernisation drive.
To date, the Bank has invested nearly €5.33 bn in Uzbekistan across 186 projects, with the majority of funds directed at private sector growth. Uzbekistan has remained the top recipient of EBRD financing in Central Asia for the last five years.
Kursiv also reports that the EBRD has forecast average economic growth of 6.1% across Central Asia in 2025.
