The loan will benefit Moldelectrica, state-owned energy transmission company, to finance the upgrade of the country’s transmission network.
The EBRD loan will be used to part-finance the design and rehabilitation of a number of substations, transformers and transmission lines.
The project will enable Moldelectrica to improve the efficiency and reliability of its transmission network, benefit the existing interconnections with Romania and will help create the necessary infrastructure for future potential interconnection to the European network.
The project is expected to be co-financed by a $20m loan from the European Investment Bank and a €8m grant provided by EU NIF.
