MOLDOVA ROMANIA ELECTRICITY INTERCONNECTION

Promoteur – Intermédiaire Financier

IS MOLDELECTRICA

Lieu

• Moldavie

Description

The project consists of the construction of the power interconnection Isaccea – Vulcanesti – Chisinau between the Republic of Moldova and Romania. It will include the construction of a converter station in Vulcanesti, a 400kV transmission line between Vulcanesti and Chisinau as well as extensions of the existing Vulcanesti and Chisinau substations.

Objectifs

Electricity production in Moldova relies on a dominant electricity producer located in the region of Transnistria. The electricity purchased from this power plant and imports from Ukraine meet up to 80% of the overall demand. The project will contribute to the diversification of supply and the energy security of the country. The project will also contribute to connecting the country to the European electricity market, which will increase competition and improve access to cheaper sources of electricity. The project is also expected to foster opportunities for cross-border electricity trade in the South-Eastern Europe region.

Secteur(s)

• Énergie - Production et distribution d'électricité, de gaz, de vapeur et d'air conditionné

Garantie au titre du MPE

This operation is covered by the EU Guarantee for EIB loans outside the EU.

Montant BEI envisagé (montant approximatif)

EUR 80 million

Coût total (montant approximatif)

EUR 270 million

Aspects environnementaux

An Environmental and Social Impact Assessment (ESIA) is currently under development for the project in the context of the feasibility study, in accordance with Moldovan and EU standards. It will be subject to public consultation. A land acquisition and compensation plan will need to be developed for the high voltage line component once detailed design information is available.

Passation des marchés

The Bank will require the promoter to ensure that any procurement procedures are done in accordance with the Bank's Guide to Procurement and the relevant applicable EU public procurement rules.

Statut

Signé - 20/12/2017