Moldova to receive grant of 4.5 million dollars to enhance energy efficiency

Chisinau, 6 November /MOLDPRES/ - Moldova will receive a grant worth 4.5 million dollars, which will be used for the implementation of a project aimed at improving the energy efficiency in public and residential buildings and the modernization of the centralized system of supply with thermal energy from the Chisinau municipality. The government today approved a decision to this effect.  

The money is provided through the Multi Donor Trust Fund’s Moldova – Growth, Resilience and Opportunities for Well-being (M-GROW) programme for the co-financing of the Sustainable Transition to the Energy Efficiency Project in the Republic of Moldova (STEEM).    

The agreement on grant, worth 4.5 million dollars, will finance two principal components. The first component, with a budget of 1.5 million dollars, will provide support to the National Centre for Sustainable Energy for the holding of energy audits, compilation the technical documentation and endowment with IT equipment for the implementation of a mechanism of sustainable financing in energy efficiency.     

The second component, with a budget of 3 million dollars, is meant for backing the project implementation unit, development of an information system of monitoring the energy efficiency and professional training of the main interested sides, through workshops and study visits.   

The STEEM projects sees also additional investments of 35 million dollars through an agreement on loan meant for the energy renovation of 46 schools from all over Moldova. The project also includes investments of 15 million dollars for the improvement of the energy efficiency of the system of supply with thermal energy in public buildings, including in 11 schools, through the setting of 350 individual thermal points and reconfiguring of the network of supply with thermal energy from the centralized system.       

The Sustainable Transition to the Energy Efficiency Project in the Republic of Moldova has an overall budget of 54.5 million dollars, of which 50 million will be provided as loan by the International Bank for Reconstruction and Development (IBRD) and 4.5 million – as grant, provided by the Multi Donor Trust Fund’s Moldova – Growth, Resilience and Opportunities for Well-being (M-GROW) programme. The project will be carried out on the period 2024-2029 and will be managed by the Moldovan Energy Projects Implementation Unit (UCIPE).