The European Bank for Reconstruction and Development is continuing to promote energy efficiency in Moldova with a new €3 million loan to Mobiasbanca - Groupe Société Générale for on-lending to private companies undertaking energy-saving measures and investing in renewable energy projects, IPN reports.
In a news conference on April 10, Ridha Tekaia, President of Mobiasbanca - Groupe Société Générale, said that the EBRD became the partner of Mobiasbanca (MBSG) in 1996, being one of our first IFI partners. “Since then, our mutual collaboration bore fruit – many facilities were successfully implemented in order to support SME and corporate clients, exporters – importers, trade finance and so on. I am pleased to inform you that today MBSG joins the Moldovan Sustainable Energy Financing Facility (MoSEFF II) launched by the EBRD to support energy efficiency investments in Moldovan enterprises,” stated Ridha Tekaia.
Julia Otto, Head of the EBRD office in Chisinau, said the financing that the EBRD provides via Mobiasbanca helps companies implement projects which save businesses both energy and money, making them more profitable and competitive. Moreover, EBRD financing is complemented by a grant funding from the EU, which eases the burden of the immediate costs of investments. The German consultancy company Fichtner, which cooperates with companies presenting energy efficiency projects for financing, will have a say in the successful implementation of the projects.
Dumitru Predius, head of Mobiasbanca’s Specialized Financing Department, said there are already three projects that will benefit from financing. They were submitted by a poultry breeding company that wants to modernize its production areas and to replace the doors and windows, a public eatery that plans to change the roof, the airing and other systems that use a lot of energy, and a shop chain that intends to replace the lighting system.
The EBRD financing is extended to its partner banks within a dedicated framework – the Moldovan Sustainable Energy Financing Facility (MoSEFF II), which provides €22 million in loans for financing energy efficiency improvements in the private sector.
A subsidiary of Groupe Société Générale SA, Mobiasbanca is Moldova’s sixth-largest commercial bank, serving over 87,000 active clients in corporate, SME and retail sectors through a network of 46 branches.
