Translated version of this PSD: Romanian
The project, which targets energy efficiency in buildings owned by the city of Chisinau, aims to demonstrate the commercial viability of energy efficiency projects to be carried out through energy performance contracts ("EnPCs").
The project is a sub-project under the Green City Framework (GrCF).
The project is to improve energy efficiency of buildings owned by the city.
Improved framework for markets and economic efficiency: as a sub-project under the GrCF, the project would support the development of a Green City Action Plan (GCAP) to identify, prioritise, and address environmental challenges through a strategic and multi-sector approach. The project would also promote a replicable financial product for similar energy efficiency projects throughout the country and region.
Increase in private sector participation and expansion of competitive market interactions: the project would enable the private sector to be involved in designing and implementing energy saving projects through EnPCs.
CITY OF CHISINAU
The city is the capital city of Moldova and its industrial and commercial centre having a status of territorial administrative unit.
EBRD Finance Summary
A senior loan of up to EUR 10 million to the city.
Total Project Cost
The Bank's loan is expected to be co-financed by a EUR 10 million loan from the European Investment Bank (EIB) and an investment grant of up to EUR 5 million from an international donor.
Environmental and Social Summary
Categorised B. The project will have significant benefits in terms of improving energy efficiency, lowering emissions and enhancing the quality of public buildings in Chisinau. Potential issues are likely to relate mainly to the adoption of good practice environment, health and safety (EHS) standards for construction work and the need to inform and consult residents of the affected buildings. Enviornmental and social impacts will be assessed via a questionnaire and the feasibility study. Based on this assessment, the EBRD proposes to develop a brief checklist for the Project Implementation Unit (PIU) to use when selecting and implementing sub-projects.
TC1: Feasibility study covering technical, environmental and social due diligence. The estimated cost of the assignment is EUR 250,000 financed and administered by the EIB.
- TC2: Financial due diligence. The estimated cost of the assignment is EUR 50,000, financed by the Bank's own resources.
TC3: Project implementation support. The TC will support the PIU with engineering design, procurement, preparation and evaluation of tenders, contract award and administration, financial control, project management and reporting. The TC also includes energy audits of each component of the project to confirm the saving potentials, monitor performance and verify eligible components.
The estimated cost of the assignment is EUR 500,000 to be financed by an international donor
- TC4: Green City Action Plan and Policy Dialogue. The TC will assess the city's environmental performance and prioritise actions and investments that support green city development. The estimated cost of the assignment is EUR 300,000, to be supported under the SRI Policy Dialogue Framework Energy and Integrated Resources Window, financed by the Government of Austria.
Company Contact Information
83, Stefan cel Mare si Sfint avenue, Chisinau, MD 2012, Moldova
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