The transaction will help NephroPlus to establish four dialysis centres as part of a broader partnership with the Ministry of Health, the Republic of Uzbekistan, after securing a $100M contract
NephroPlus has signed Rs 69.5 crores financing package with Asian Development Bank (ADB) to further its expansion plans in Uzbekistan for building four large dialysis centres. The transaction is a broader partnership with the Ministry of Health, the Republic of Uzbekistan, after securing a contract worth $100M, where NephroPlus will independently commission and operationalise these centres.
The transaction comprises a loan of up to Rs 41.7 crores from ADB’s ordinary capital resources and administration by ADB of a loan of up to Rs 27.8 crores million from Leading Asia’s Private Infrastructure Fund (LEAP). NephroPlus will primarily use the funds to design, build, operate and maintain the dialysis centres in Tashkent city, the Republic of Karakalpakstan, and the Khorezm region. Notably, the dialysis centre in Tashkent, with 160 machines capacity, will be the largest dialysis centre in the World.
NephroPlus will provide it’s dialysis care to over 1,100 patients in Uzbekistan. It has established a 100 per cent owned local subsidiary to operate the centres for this project. In addition, it intends to implement its RenAssure protocols to deliver a synchronised and convenient patient experience in Uzbekistan.
Under this deal, ADB will also support NephroPlus in enhancing and implementing a gender action plan to increase women’s participation in technical and skilled work in dialysis treatment centres through specific training pieces and strengthen gender equality measures in its working environment.