News about Electricity

The Ministry of Energy has warned Moldovan residents about possible power outages on Wednesday, March 25, from 17:00 to 22:00. This was announced by Carolina Novak, State Secretary of the Ministry. These measures are part of the actions within the framework of the emergency situation in the energy sector, which is to be considered today by the Parliament.

UPDATED. The Moldovan government imposes an emergency situation in the energy sector for 60 days. For this purpose, extraordinary sessions of the Government and Parliament will be held on Tuesday, March 24.

UPDATED. As a result of attacks on energy infrastructure in southern Ukraine, the Isaccea-Vulcanesti (400 kV) overhead power line, one of the key elements of Moldova’s energy system and an important link to the European power grid, was shut down.

Resolv Energy intends to obtain financing from the European Bank for Reconstruction and Development (EBRD) for the construction and operation of a solar panel park with a capacity of more than 1,200 MW in Arad. If the idea is realized, the park will become the largest such facility in Europe. The preliminary investment volume is estimated at 1 billion euros.

The government is analyzing three economic scenarios, including the most pessimistic one, if the global energy crisis drags on. President Maia Sandu spoke about this at a press conference.

The energy systems of the ASEAN+3 countries, a group that includes members of the Association of Southeast Asian Nations (ASEAN) plus China, Japan and South Korea, are under increasing strain. Climate shocks are jeopardizing infrastructure and security of supply. Rapid development of artificial intelligence (AI) and digital infrastructure has caused a surge in demand for electricity. Geopolitical tensions are creating new volatility in global energy markets.

Against the backdrop of the ban by the head of the European Commission Ursula von der Leyen to buy Russian energy, traders are looking at thermal coal.

Orban, speaking to reporters after blocking a 90 billion euro loan to Kiev, said he and his government “have other tools” besides withholding the financial aid Ukraine needs.

The March 19 summit of EU heads of state was supposed to focus on competitiveness and discuss comprehensive measures that would boost EU economic growth.

Sri Lanka has introduced additional restrictions on fuel sales amid supply problems related to the situation in the Strait of Hormuz. Now the refueling of cars depends not only on QR codes, but also on the last digit of the license plate: cars with even-numbered license plates can receive gasoline on even days, with odd-numbered license plates – on odd days.

Turkey is entering a new stage of its energy strategy, negotiating the construction of nuclear power plants with a number of global players, from Russia to Canada. This could involve projects with a total capacity of up to 8 reactors and total investments of up to $100 billion over the next decade, which could radically change the country’s energy balance.

The funds from the European Union will be used for investments in energy, water supply and social services, including support for children and youth. This was stated by Prime Minister Alexandru Munteanu, commenting on the European Commission’s decision to allocate 189 million euros within the Reform and Growth Mechanism for Moldova.

Tesla has entered into a major $4.3 billion agreement with LG Energy Solution to grow its fast-growing energy storage business. As part of the deal, battery cell supplies will be sourced from a facility in Lansing, Michigan, which was previously created as a joint project between LG and General Motors, but was later reoriented to meet new challenges.

Almost 75% of buildings in Moldova were commissioned before 2005 and built without modern energy efficiency standards. By 2050, the authorities plan to reduce consumption in the residential sector by 40.8%, and by 2030 to reduce energy consumption to 2.8 million tons of oil equivalent (or 3 million tons of primary energy).

Record figures have been recorded in the renewable energy sector in Moldova. Over the last four years, the installed capacity has increased almost 12 times. A quarter of the total volume of electricity consumed is the share of “green” energy.

Chairman António Costa said that threats against EU leaders were unacceptable, commenting on Ukrainian President Zelensky’s remarks against Hungarian Prime Minister Viktor Orbán.

Slovakia’s state-owned company SEPS has officially notified Ukraine about the cessation of emergency electricity supplies.

The authorities urge not to encourage inflation expectations. The rise in fuel prices over the past two weeks has increased the total costs of businesses by a maximum of 1.5%.

The transportation of liquefied natural gas from the USA via Romania is extremely important for Ukraine and at the same time beneficial for Moldova. Ukrainian President Volodymyr Zelenskyy said this in Bucharest at a joint press conference with Romanian President Nicusor Dan after their official meeting.

In recent days, drivers from neighboring countries have started coming to Moldova to refuel, as the prices for gasoline and diesel fuel here are among the lowest in the region. This was reported by Prime Minister Alexandru Munteanu, who said that this situation should be thoroughly analyzed.