News about Energy
In recent years, Moldova’s energy sector has undergone several stress tests, which revealed several significant vulnerabilities. Logos Press spoke to Energy Minister Dorin Junghietu about the actions being taken to improve the country’s energy security.
The IMF urged members of the euro bloc to make sure that measures taken against the backdrop of the war in Iran to subsidize the population would not do “more harm than good.”
In April, state-owned Energocom purchased electricity at an average price significantly lower than in March, recording a decrease of almost 20 euros per MWh.
US startup Panthalassa, which is developing autonomous floating data centers powered by wave energy, has raised $140 million at a valuation of about $1 billion.
Some reforms included in Moldova’s Economic Growth Plan are being implemented late, but the authorities claim that they will be caught up, and the 1.9 billion euro tranches of European financing, albeit late, will still be received.
Chinese scientists have proposed an alternative way of generating energy from coal – without burning it. A research team from Shenzhen University is working on the technology of the so-called direct coal fuel cell, which allows converting coal energy into electricity through electrochemical processes.
Moldovan Energy Minister Dorin Junghietu held bilateral meetings in Brussels with European Commission Director General for Neighborhood and Enlargement Negotiations Geert Jan Koopman, as well as with United States Ambassador to the EU Andrew Puzder. Discussions focused on opportunities for cooperation to strengthen regional energy security, promote sectoral reforms, investment and integration into the European energy market.
The National Energy Regulatory Agency (ANRE) has set new maximum fuel prices that will be in effect tomorrow, May 6.
Tensions in the Gulf region and volatility in energy markets may lead to a further downward revision of the GDP forecast. According to Eugeniu Osmokescu, Deputy Prime Minister and Minister of Economic Development and Digitalization, the recent downward revision of the economic growth forecast from 3.3% to 2.2% for this year is not the last.
The registration for the EU-Moldova Investment Conference dedicated to attracting investments and strengthening the economic partnership with the European Union has started. The conference will take place on June 4 in Chisinau.
The Ministry of Energy initiated the process of granting the status of a strategic object of national interest for the country’s energy security to the construction of the 400 kV Straseni-Gutinas transmission line, as well as the modernization of the 330 kV power plant in Straseni.
The Kitik family from the village of Calmățui, district Hincesti, raising 9 children, was able to significantly reduce the consumption of firewood for heating and maintain a stable temperature in their house thanks to energy efficiency works carried out within the framework of the state program “Fund for Energy Efficiency in the Residential Sector of Moldova” (FEERM), administered by the National Center for Sustainable Energy (CNED).
The withdrawal of the United Arab Emirates (UAE) from OPEC signals a strategic reversal and calls into question Gulf coordination and the future of the cartel.
“Moldova does not rely on one source or one route. We are building step by step a balanced and reliable energy supply portfolio that will ensure stability and predictability. It is crucial for us that this diversification is done at a sustainable price and that the security of supply for citizens remains an absolute priority,” Energy Minister Dorin Junghietu said.
EuroCucina – Technology For the Kitchen, one of the world’s main platforms for kitchen design and home appliances, was held in Milan. The Moldovan team of the Bomba chain was invited to the exhibition by Beko, with which the chain works as an official partner. Maxim Ghilca, Commercial Director of Bomba, spoke about where the market is heading and what retailers can expect in the coming years.
EU expands subsidies for businesses affected by rising fuel prices. The European Commission has allowed EU countries to increase state subsidies for businesses to cover part of the additional costs of fuel and fertilizers.
The National Energy Regulatory Agency (ANRE) has set new maximum fuel prices that will be in effect tomorrow, April 28.
Prime Minister Alexandru Munteanu will pay a working visit to Dubrovnik, Croatia, where he will participate in the 11th summit of the Three Seas Initiative (3SI). In parallel with the official program, closed sessions will be held with the participation of a limited number of investors and key decision makers from the region and beyond.
Moldovan President Maia Sandu, who is in Kiev, has spoken in favor of the earliest possible official opening of negotiations on Moldova’s and Ukraine’s membership in the European Union. At a joint press conference with Ukrainian President Volodymyr Zelensky, she emphasized that both Chisinau and Kiev had fully met all the necessary conditions for the transition to this stage.
The war in Iran has many facets. The world economy is cracking at the seams due to rising prices for energy, fertilizers, food – and on down the chain.
