, will be providing approximately $300 million to Moldova to help strengthen its energy independence.){kind=link}
In a significant development, the United States of America, through the United States Agency for International Development (USAID), will be providing approximately $300 million to Moldova to help strengthen its energy independence.
Representatives from the USAID project “Moldova Energy Security” (MESA) and the Minister of Energy, Victor Parlicov, signed a Memorandum of Understanding on Wednesday. The signing ceremony took place in the presence of USAID Deputy Administrator for the Bureau of Europe and Eurasia, Erin McKee, and US Ambassador to Moldova, Kent D. Logsdon.
The objective of the memorandum is to ensure long-term cost savings, reduce energy consumption and greenhouse gas emissions, and guarantee energy stability for Moldova. The financial support provided will address the fiscal deficit related to electricity, promote local electricity generation for system stabilization, and enhance the physical and market interconnection between Moldova and its neighboring countries.
It is worth mentioning that the agreement regarding the allocation of a $300 million grant from the United States to connect Moldova to European energy systems and diversify energy sources was signed on June 30, 2023.