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According to the Bank’s website, the transaction technical assistance (TA) complements a proposed senior secured loan of up to $50,000,000 to JSC Rustavi Azot (RAI) for the Rustavi Azot Indorama Energy-Efficient Fertilizer Project in Georgia. The loan will be used to finance (i) capital expenditure to modernize and refurbish existing ammonia and high-density ammonium nitrate production facilities, and improve energy efficiency; and (ii) working capital to support RAI’s fertilizer inventories as well as critical spare parts, which will enable uninterrupted plant operations.
The TA will complement the loan by building the capacity of farmers in Georgia in carbon efficient and resilient farming methods. This will include (i) completion of one assessment of agriculture practices specific to women and the opportunity to integrate carbon-efficient and resilient farming methodologies in a women-inclusive manner; (ii) capacity building of at least 700 farmers (of whom at least 225 are women) in carbon-efficient and resilient soil management, farming practices, and functional financial literacy; (iii) piloting of an affordable mobile soil analysis program for farmers; and (iv) provision of on-farm individualized advisory services to 20 women farmers. TA training will be offered to all farmers in communities where RAI sells fertilizers and will not be exclusive to farmers that purchase fertilizers from the company. The TA training materials will be shared with key government agencies in Georgia.
According to the Technical Assistance Report, the Risk Categories are:
Environment: Not Applicable
Involuntary Resettlement: Not Applicable
Indigenous Peoples: Not Applicable
The TA financing amount is $500,000, which will be financed on a grant basis by ADB’s Technical Assistance Special Fund (TASF-other sources).
As stated on the company's LinkedIn profile:
Established in 1956, JSC Rustavi Azot is one of the largest producers of fertilizers and industrial chemical products in the Caucasus region. JSC Rustavi Azot's key product is ammonium nitrate, predominantly used in agriculture as a high-nitrogen fertilizer. The company also produces sodium cyanide, which is mainly used in gold leaching process. Plant is located in Rustavi (Southeast of Georgia) and has excellent access to transport infrastructure to export its products via railway and Black Sea ports. JSC Rustavi Azot's sales are predominantly export-oriented.
| Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
|---|---|---|---|---|---|---|
| - | - | - | - | Rustavi Azot JSC | Client | - |
No contacts available at the time of disclosure.
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