The joint stock company “Energocom” has won the tender contest and signed new contracts for the supply of power to Moldova, valid for the period between April 1, 2018 and March 31, 2019, with the Cuchurgan Power Plant and Ukraine’s DTEK “Pavlogradugoli”, IPN reports, with reference to the Ministry of Economy and Infrastructure.

Under the new contracts, 70% of the power needed by Moldova will be bought from the Cuchurgan Power Plant, while 30% from the Ukrainian company. The proportion was set depending on the difference in the prices offered by the two bidders and in order to ensure the country’s power security.

The average purchase price of power is 5.24 USD cents/kWh. Even if the purchase price offered by the two suppliers is higher than the previous ones, the tariffs for end-users will not rise owing to the evolution of the exchange rate, stated the Ministry.

Contracts with “Energocom” for the purchase of electric power during April 1, 2018 - March 31, 2019 will be signed by the licensed operators working on Moldova’s power market: Gas Natural Fenosa Furnizare Energie SRL, RED Union Fenosa, Furnizarea Energiei Electrice Nord, Moldelectrica and RED Nord.