The Republic of Moldova wants to borrow 80 million euros from the European Bank for Reconstruction and Development (EBRD), which will be used to finance part of the project to connect the national electricity transmission system to Romania. The loan is currently being analyzed by the EBRD, a decision to be announced at the end of November. The loan of up to 80 million euros is part of an external financing package amounting to 270 million euros, which will be provided to the Republic of Moldova by the EBRD, the European Investment Bank, the World Bank and the European Commission.
The interconnection project of the Moldovan and Romanian electricity networks provides for the construction and commissioning of a transformation substation in Vulcăneşti to allow the connection of the two electrical networks to a 400 kV overhead line between the Vulcăneşti and Chisinau stations (financed segment By the World Bank) as well as extensions and changes in the Chisinau and Vulcanesti stations.
By connecting to Romania’s energy system, and subsequently to the European Network of Transmission System Operators for Electricity (ENTSO-E), Moldova will be able to diversify its energy resources.
Moldova imports about 80% of its electricity demand, mainly from Russia and Ukraine.