The Government approved a €30M loan agreement between Moldova and the European Bank for Reconstruction and Development for the implementation of the project “Energy Efficiency in the Republic of Moldova”. The €30M agreement, yet to be ratified by Parliament, was signed in December 2021.
The project aims to provide energy efficiency upgrades to a number of public buildings, such as hospitals, kindergartens or schools managed by central and local authorities.
According to Infrastructure Minister Andrei Spînu, in addition to the €30M provided by EBRD, a loan of a similar size will be taken out from the European Investment Bank, plus a €2.6M grant from the European Commission’s Neighborhood Investment Platform and a €500,000 grant from the Eastern Partnership Technical Assistance Trust Fund. The total budget is €75.5M and the implementation period runs from 2022 to 2025.
The money will be used to insulate buildings, install more efficient lighting, heating, cooling and ventilation systems, and integrate them with renewable energy sources.
