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.
