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EU supports investment to help diversify Republic of Moldova’s electricity supply

December 22, 2017

The EU, European Investment Bank, European Bank for Reconstruction and Development and World Bank are providing a €270 million package to finance a permanent interconnection between the electrical networks of the Republic of Moldova and Romania.

This interconnection is of critical importance for the diversification of Moldova’s electricity resources and will help to strengthen the country’s energy security. The link to the Romanian electrical network will considerably enhance the stability and reliability of its power supply – a prerequisite for the country’s economic development.

Deputy Prime Minister of Moldova Octavian Calmic said: “Not only will this project provide a higher level of energy security, it will also contribute an energy price that is less burdensome for consumers.”

During the event, EU Ambassador to the Republic of Moldova Peter Michalko stated: “This project will increase competitiveness on the energy market for the benefit of the citizens of the Republic of Moldova.”

The interconnection between the electrical networks of Moldova and Romania will be built by Moldova’s public electricity utility Moldelectrica and is expected to be finished by 2022.

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