Moldova Ratifies €15.4M Grant for Power Grid Interconnection with Romania

Moldova Ratifies €15.4M Grant for Power Grid Interconnection with Romania

Business

Moldovan MPs have ratified a €15.4 million grant agreement between state enterprise Moldelectrica and the European Bank for Reconstruction and Development (EBRD) to support phase II of the Moldova-Romania electricity interconnection project, CE Report quotes MOLDPRES

The funds will be used for the construction of a 400 kV overhead power line linking Bălți (Moldova) and Suceava (Romania), covering 58 km within Moldova. Moldelectrica is currently preparing for the tender process to design and execute the works.

The project also includes the modernization of 200 power stations and the replacement of ten 110 kV transformers.

The total project cost is €77 million, with EBRD providing a €30.8 million loan (40%) and the European Investment Bank contributing an equal amount.

Tags

Related articles

EU Backs Revised “Greece 2.0” Recovery Plan
The European Commission has endorsed Greece’s revised National Recovery and Resilience Plan, “Greece 2.0,” ensuring the country fully utilizes its allocation from the Recovery Fund without any reduction in funding.
Euronext Targets ATHEX Deal
Euronext has confirmed it is in talks with the board of Hellenic Exchanges-Athens Stock Exchange (ATHEX) about a possible acquisition of up to 100% of ATHEX shares.
One in Four Greeks Hide Savings from Partner
Over a quarter of Greeks have a hidden savings account their partner doesn't know about, according to a nationwide survey by the savings and investment app Plum.
Tahov: No Reason for Food Price Hikes
There are no economic or production reasons behind rising food prices in Bulgaria, Agriculture Minister Georgi Tahov told bTV on Sunday.
Bulgaria Joins Key Transport Corridors
Bulgaria’s Black Sea port of Burgas is set to become a key hub in the developing Three Seas Corridor, Deputy Transport and Communications Minister Dimitar Nedyalkov announced at the Balkan Business Forum in Bansko on Saturday.
Türkiye Highlights Development Road’s Economic Impact
President Recep Tayyip Erdogan said Friday that Türkiye aims to turn its geopolitical position into a regional economic advantage through the Development Road Project.
Tesla Sales Plunge in Europe
Tesla's vehicle sales in Europe dropped sharply by 40.5% year-on-year in May, according to data released Wednesday by the European Automobile Manufacturers' Association (ACEA).