Energocom stock company of Moldova to contract 400-million-euros-worth loan from European top bank to ensure continuity of energy resource purchases

The Energocom stock company will contract a 400-million-euro loan from the European Bank for Reconstruction and Development (EBRD), in order to ensure the continuity of strategic energy resource purchases.

In this respect, the government today approved the providing of state guarantees for securing the external loan of up to 400 million euros, provided to the Joint Stock Company Energocom by EBRD, aimed at implementing the Enhancing Energy Security of Moldova Project, for a term of five years.

At the cabinet meeting, State Secretary of the Ministry of Energy Carolina Novac said that the project was quite important, in the context of preparing for the winter season.

"The financing of 400 million euros from the EBRD will strengthen the energy security of Moldova, ensure strategic purchases of natural gas and electricity, as well as the creation of security and commercial stocks and protect citizens in the face of energy crises," emphasized Carolina Novac.

According to the project's informative note, the initiative will contribute to protecting the population's interests, especially vulnerable groups, by maintaining a stable framework for the supply of natural gas and electricity. The main positive social effects aim at strengthening national energy security, reducing the risk of tariff increases, by eliminating additional costs and preventing potential disruptions in the supply of energy resources to households, especially during the cold season of 2025–2026, through the preventive establishment of stocks and ensuring the necessary liquidity for purchases.

The project was developed under the conditions in which, starting from July 2025, Moldova will no longer have access to financial resources available under previous EBRD-financed projects meant for the emergency purchase of natural gas. Officials claim that, without a new financing mechanism, the capacity of JSC Energocom to promptly respond to crisis situations and developments on international energy markets "will be severely affected."