The Republic of Moldova has signed a memorandum of understanding with the French Development Agency (AFD) and the German development bank KfW. The document aims to expand cooperation in the field of energy efficiency in public buildings and was signed by the Minister of Energy, Victor Parlicov.
As a result, the signatory parties have committed to invest 68.7 million euros, of which 38.7 million are grants provided by the German government based on an agreement signed with the Cabinet of Ministers in Chisinau, and 30 million represent a long-term concessional loan offered by the French government. One-quarter of the total amount will be used for the thermal rehabilitation of social-purpose buildings such as hospitals, schools, and others.
Additionally, the government will contribute to improving the energy efficiency of public buildings. The implementation of the projects will begin in 2024.
Another document signed by the Minister of Energy, Victor Parlicov, relates to an addendum to the 300 million euro loan agreement offered in two tranches by the European Bank for Reconstruction and Development within the “Natural Gas Supply Security” project, signed on June 23, 2021.
FOR THE MOST IMPORTANT NEWS, FOLLOW US ON LINKEDIN!
“The modification aims to include a grant component in the project, offered by the Norwegian government, in the amount of 400 million Norwegian crowns (approximately 34 million euros). Distribution through the EBRD is the quickest solution identified for the Republic of Moldova to benefit from the grant provided for the procurement and storage of natural gas needed during the cold season. The grant component is conditioned on accessing a new additional tranche of 165 million euros offered by the EBRD,” the Ministry of Energy reports.
Another memorandum signed today with the European Investment Bank and the government of the Republic of Moldova aims to strengthen institutional capacity in the energy sector, as well as stimulate investments in the transportation, energy, environment, and SME sectors.