Moldova will receive a six-million-euro grant to enhance the energy efficiency of public buildings.
The Eastern Europe Energy Efficiency and Environment Partnership (E5P) will provide the grant under an agreement between Moldova and the Council of Europe Development Bank (CEB) for implementing energy efficiency measures in the Public Dwellings III project. Minister of Infrastructure and Regional Development Andrei Spinu and CEB Country Manager Valeriu Cosuleanu signed the document today.
The Eastern Europe Energy Efficiency and Environment Partnership will allocate money to improve energy efficiency in public buildings construction and renovation across the country.
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The Ministry of Infrastructure and Regional Development stated that the agreement will aid the development of the housing construction and renovation sector, particularly social housing, which has been severely affected by the real estate crisis, credit squeeze, and late payments.