The legislation on the use of renewable sources of energy will be adjusted to the Community acquis. The Cabinet approved a bill to amend and supplement a number of relevant legal acts in its January 17 meeting, IPN reports.

Under the bill, the Government is to set down rules for organizing and holding tender contests to choose companies willing to produce electric power from renewable sources of energy so as to encourage competition among large investors.

The National Agency for Energy Regulation will have the duty to confirm the status of qualified producer for project developers that are ready to invest in technologies for using renewable energy in Moldova.

Also, the period offered to investors for building power plans was extended from 24 to 36 months. 

The bill will be remitted to Parliament for examination.