Moldova to receive an additional US$10m credit from World Bank
The World Bank Board of Directors last week approved an additional credit to the Republic of Moldova in the amount of US$10 million for the Energy II Project. The additional financing will complement the original credit of US$35 million and will be used for scaling-up heating supply and improving the efficiency of heating services in the country.
“The Energy II Project has had a major impact on the rehabilitation of the energy system in the Republic of Moldova,” said Tudor Copaci, Deputy Minister of Economy and Trade. “The quality and efficiency of heating supply has improved substantially. The heating losses in the system were reduced considerably. The expenses for the purchase of heating were cut dramatically.”
The Energy II Project was launched in March 2004. The project’s objectives are: to improve the security and reliability of the electricity transmission system and facilitate unimpeded commercial operation of the power system (electricity component); and to improve the availability, quality and efficiency of heating in selected buildings (heating component).
To date, the original credit enabled over 35 schools, hospitals, and kindergartens, in addition to 37 residential buildings, to renovate or install new heating systems. Over 8,000 students, approximately 1 million patients/staff/visitors and over 2,000 families are benefiting from improved heating and hot water availability. Moreover, the reduction in greenhouse gas emissions achieved under the project, has meant that local authorities are now able to take advantage of carbon financing.
REPORTER.MD
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