Economy

20 December, 2025 / 01:55

/ 21 November, 2024

Moldovan parliament ratifies agreement on grant worth 4.5 million dollars for energy efficiency

Agenția Informațională de Stat

Chisinau, 21 November /MOLDPRES/ - Moldova will benefit from non-refundable technical assistance worth 4.5 million dollars for the implementation of the project, Sustainable Transition to Energy Efficiency in Moldova (STEEM). The parliament today ratified the Agreement on grant between Moldova, the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).

The grant will cover the expenses for the operationalization of a sustainable mechanism of financing in the field of energy efficiency in the public buildings and for financing the energy audits of the buildings which will be renovated.

The financial resources are meant also for the consolidation of the capacities of the employees of the Energy Ministry, National Centre for Sustainable Energy, Termoelectrica stock company and the Consolidated Unit for the Implementation of Projects in the Energy Sector.

The initiative implies also the providing of a loan worth 50 million dollars. The financial resources will be invested in the energy renovation of 46 schools from all over Moldova, as well as in the modernization of the system of centralized supply with thermal energy of the Chisinau city.

According to the authorities, the project will improve the conditions for education for about 46,000 pupils, teachers and auxiliary staff. At the same time, it will bring significant savings of energy. They estimate that the works of renovation and modernization will lead to a cutting in the consumption of energy by up to 65 per cent in the concerned buildings.

The STEEM project was signed on 8 August 2024. It will be carried out during 2024-2029 and will be managed by the Consolidated Unit for the Implementation and Monitoring of Projects in the Energy Sector.

Comment

Latest News

State to borrow 150 million euros from EBRD for key road rehabilitation

Finance Minister, IMF team discussed reform priorities and macroeconomic outlook for Moldova

Average monthly salary forecast for 2026 is 17,400 lei

Approved by Government: minimum wage to increase to 6,300 lei as of 1 January

Growth Plan resources directed towards strategic areas

PHOTO GALLERY // 107 years of tradition and 100 years of exhibitions: historical milestones of Chamber of Commerce and Industry captured by MOLDPRES

Green energy in Călărași: public institutions with zero bills and comfort for children and community

PHOTO // Government and private sector accelerate strategic investments in transport and regional development

Over 400 million lei invested in repair of national roads and bridges in 2025

VIDEO// Moldova's budget for 2026 subject to public consultations

TOP ACHIEVEMENTS 2025 // Moldovan deputy PM says 2025 year of performance for Moldova's economy

VIDEO // Moldovan authorities announce tax benefits for citizens with mortgage loans

Chisinau International Airport expands by 30 per cent using its own resources - more comfort, increased traffic; Moldovan deputy PM says investment estimated at 140-145 million euros

VIDEO // State refuses approval of investment activity of Lukoil-Moldova Ltd company, takes over oil infrastructure at Chisinau International Airport

Crossing of Maiaki-Udobnoe bridge suspended again following another drone attack

Nicolae Testemitanu Medical University of Moldova, Swiss Red Cross sign agreement on training of resident students, physicians, pharmacists

Modern transport for pupils of Moldova: 23 minibuses delivered to schools nationwide

Moldova receives 150 million euros from EBRD for strategic road modernization

Traffic on Maiaki-Udobnoe bridge in Ukraine partially resumed

Head of State, EBRD President discussed development projects and attracting investments into Moldovan economy

Ministerial meeting of Energy Community: Moldova reaffirms commitment to building secure and competitive regional energy market

Moldovan Governor at BNM 2025 – European Momentum Conference

Traffic at Moldovan-Ukrainian border partially suspended after drone attacks in Ukraine

Parliament Secretariat officials engaged in experience exchanges with European Parliament and Parliaments of Austria and Albania

Moldova launches tender for construction of large wind power plants with storage batteries

Intraday electricity market launched in Moldova

Strengthening Moldovan-British cooperation on agenda of discussions between Finance Minister and Ambassador Fern Horine

VIDEO // Enhanced waste management infrastructure in Ruseni village, Anenii Noi: individual bins for residents

DOC // NBM issues commemorative coin - Moldova in Single Euro Payments Area

Moldovan PM in Comrat says government invested significantly in Gagauz region's development

See more