The European Bank for Reconstruction and Development (EBRD) provided a grant of 15.4 million euros for the construction of the 400 kV Balti-Suceava overhead power line, a crucial project for strengthening the energy security of the Republic of Moldova. Today, the Government approved the draft law to ratify the Agreement regarding this grant.
According to the plans, the line will connect the municipality of Balti in the Republic of Moldova with Suceava in Romania. Also, it will include the reconstruction of the Balti 400 kV power station. Additionally, the project will rehabilitate segments of the existing electrical networks and replace transformers and switching and protection elements.
The work should be finished by December 2027. The project will support the integration of the Republic of Moldova into the European ENTSO-E network and create new opportunities for renewable energy sources.
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EBRD’s grant covers 20% of the total cost of the project “Electricity Network Interconnection between the Republic of Moldova and Romania, Phase II,” which amounts to 77 million euros. The remaining amount will come from repayable financing from EBRD and the European Investment Bank (EIB), each contributing 30.8 million euros.
The grant agreement will take effect after the Parliament of the Republic of Moldova ratifies it.
Now, the Republic of Moldova is building the Vulcanesti – Chisinau interconnection line, with plans to finish by the end of 2025.