The World Bank is supporting the implementation of three major energy projects in the Republic of Moldova with a total cost of $224.5 million. These include the construction of a 400-kV Vulcănești–Chișinău overhead power line, including the modernization of the 330-kV Chișinău power plant; a project to build two efficient cogeneration plants at the “Termoelectrica” facility; and a project to establish a renewable energy mechanism in Moldova (MEERM).
The current status of each project was analyzed, and necessary measures were identified to expedite procedures and work in the event of delays, in order to ensure completion within the agreed-upon timeframe.
At the same time, discussions focused on a new project currently in the planning stage, which involves the construction of a highly efficient cogeneration plant that will replace the existing capacity of SA “Termoelectrica” by 2030.
Prime Minister Alexandru Munteanu thanked the World Bank for its support in enhancing the country’s energy resilience and noted that the government will continue to work closely with the financial institution on the implementation of major energy projects, with a particular focus on efficiency, transparency, and meeting deadlines.
“The energy sector is one of the most important investments in the future of the Republic of Moldova. The competitiveness of the economy, business development, and the quality of public services all depend on it. Our priorities remain the development of an interregional connection with Romania, the expansion of energy storage capacity, and investments in energy efficiency. It is equally important to reduce consumption wherever possible. More efficient use of energy means lower costs, greater economic competitiveness, and more resources for development,” said Prime Minister Munteanu.
In this context, Ulrich Schmitt, Country Director of the World Bank in the Republic of Moldova, and Stephanie Gil, Head of the World Bank’s Energy Sector for Europe and Central Asia, reaffirmed their readiness to continue supporting the Republic of Moldova in making the necessary investments to ensure energy security, modernize infrastructure, and integrate into the European Union’s energy market.
