Moldovan PM meets potential Chinese investors

Chisinau, 17 November /MOLDPRES/ – Prime Minister Pavel Filip has today received representatives of China National Technical Import & Export Corporation, specializing in import and export of key technologies and complete plants, especially in energy sector, the government’s communication and media relations department has reported.

The prime minister said, that the Government is fully open for potential investors, relating that there were have been undertaken several actions to improve the business condition. As such, Moldova managed to go three positions up in World Bank Doing Business 2017 chart.

In the context, Pavel Filip particularly highlighted Moldova's interest to develop energy projects. "Ensuring energy security of Moldova is number one priority of the state. We want to have an interconnection with the European energy market. In this regard, we already have got several ongoing projects of interconnection with the energy system of Romania," the prime minister said. The head of the Cabinet of Ministers said that at present, some major projects are being developed, such as connection to the European energy system through line Isaccea – Vulcanesti – Chisinau. The feasibility study is to be rounded up in December 2016 and after to commence the necessary procedures of tendering for this line construction.

With reference to renewable energy, the prime minister said that Moldova adopted a new law which would come into force in March 2017 and currently was finalizing the regulatory side.

The Chinese group members presented the company and expressed interest in developing energy projects in Moldova in fields such as construction in energy, power lines, dispatching energy, renewable energy, modernization of power units. The Chinese side expressed desire to offer both technical solutions, as well as financial implementation of selected projects.

Pavel Filip specified that Moldova wanted a project with China, especially in the energy sector, while government being ready to help in taking off barriers and constraints to Chinese investments. Further on, the Chinese investor jointly with the Ministry of Economy will agree on concrete projects of common interest.

China National Technical Import & Export Corporation is a state company under the direct Chinese government’s control. The total value of projects carried out by this group implemented to the countries in the world is estimated at over $100 billion.

(Editor M. Jantovan)