Project description
Provision of an up to EUR 80 million senior loan to the Republic of Moldova (“RoM”) to be on-lent to Moldelectrica IS (“Moldelectrica” or the “Company”), the 100% state-owned single power transmission system operator in Moldova for the construction, equipment and placing into operation of: (i) a back-to-back (B2B) High Voltage DC (HVDC) converter substation in Vulcanesti to allow the connection between the electricity systems of Romania and Moldova, namely the European Network of Transmission System Operators of Electricity (ENTSO-E) and the Integrated Power System/United Power System (IPS/UPS); (ii) a 400kV transmission line between Vulcanesti and Chisinau (to be financed by WB); iii) the extension of the substation in Chisinau in Moldova and (iv) the extension of the Vulcanesti 400kV substation (together, the “Project”). The project will assist Moldova in diversifying its supply of electricity and strengthening the domestic transmission network in order to allow for integration into ENTSO-E network in the long run.
The transaction is part of an up to EUR 270 million financing package to be provided jointly with the European Investment Bank (“EIB”) (EUR 80 million), the World Bank (“WB”) (EUR 70 million) and the European Commission (“EC”) Neighbourhood Investment Facility (“NIF”) (EUR 40 million).
There is a Project Summary Document available for this project.
ESIA disclosure package
ESMMP: English | Moldovan/Romanian
LACF: English | Moldovan/Romanian
NTS: English | Moldovan/Romanian | Russian
SEP: English | Moldovan/Romanian | Russian
Full ESIA availability
Full ESIA documentation is available locally at:
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Chișinău Municipality |
Mun. Chișinău, sectorul Botanica, str. Teilor, 10 |
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Ialoveni City Hall |
or. Ialoveni, str. Alexandru cel Bun, 45 |
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Hîncești City Hall |
or. Hîncești, str. Mihalcea Hincu, 132 |
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Cimișlia City Hall |
or. Cimișlia, str. Decebal, 9 |
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Leova City Hall |
or. Leova, str. Unirii, 22 |
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Comrat City Halls |
or. Comrat, str. Tretiakova, 36 |
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Vulcănești City Hall |
or. Vulcănești, str. Lenina, 75 |
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Taraclia City Hall |
or. Taraclia, str. Lenina, 138 |
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Cahul City Hall |
or. Cahul str. Independenței, 6 |
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EBRD Chisinau Resident Office
10th floor, 63, Vlaicu Pircalab Street, Sky Tower building, Chisinau, MD-2012, Moldova
Contact person: Octavian Costas; + 373 22210000
And
Moldelectrica, office
78 V. Alecsandri str. Municipiul Chişinău
Contact person: Octavian Ciobirca
And
Moldelectrica website: English | Moldova/Romanian | Russian
Enquiries
Environmental or social enquiries:
Ms. Nelly Melnicenco
melnicenco@moldelectrica.md
+373 22 253396
MOLDELECTRICA – 78 V. Alecsandri str., Chişinău
This document was prepared at an early stage of project development, before consideration by the EBRD Board of Directors. Details of a project may change following disclosure.
Environmental and Social Impact Assessments and ESIA summaries are produced by project sponsors, and the EBRD makes them available without any comment or implied endorsement. Any views expressed or statements made in the Environmental and Social Impact Assessment or the ESIA Summary do not necessarily reflect the views or opinions of the EBRD.
Last updated 25 June 2014
