EIB lends 15 million euros for a green, sustainable and energy-efficient Moldova – The Diplomat Bucharest

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The European Investment Bank (EIB) and the Ministry of Infrastructure and Regional Development of the Republic of Moldova have signed a grant agreement of 15 million euros financed by the European Union to support the energy efficiency project of Moldova. The project will improve the energy efficiency of public buildings, including republican hospitals, schools, kindergartens and healthcare institutions in Moldova.

Greater energy efficiency will be achieved by improving building insulation, installing more energy-efficient lighting, heating, cooling and ventilation systems, integrating renewable energy sources and introducing sustainable practices. effective energy management. Renovations funded through this investment will reduce energy consumption, utility bills, air pollution and greenhouse gas emissions from renovated buildings.

EIB Vice-President Teresa Czerwińska, who is in charge of operations in Moldova, said: “With this new agreement, we are delighted to encourage and support the energy efficient renovation of public buildings in the Republic of Moldova. By supporting better energy performance, the reduction of CO2 emissions and sustainable urban development, the Bank and the European Union will contribute to safeguarding the environment and improving the living conditions of Moldovans. Moreover, investing in energy efficiency increases the country’s energy security. The ongoing military crisis in the region amplifies the need for Moldova to step up its efforts in energy efficiency, energy security and diversification of energy supplies. This project and our joint efforts are the right steps for the country to become more independent, competitive and resilient in the face of energy problems.

Jānis Mažeiks, Ambassador of the European Union to the Republic of Moldova, said: “In the current circumstances, with high energy prices, any reduction in energy consumption translates directly into a significant reduction in energy bills. Investing in energy efficiency is a win-win strategy that increases the Republic of Moldova’s energy security, but also contributes to the country’s climate diplomacy agenda. The signing of this agreement will help people and public institutions such as hospitals to face the energy crisis.

Andrei Spinu, Deputy Prime Minister and Minister of Infrastructure and Regional Development, said: “Today more than ever, Moldova must strengthen its energy autonomy. Because we are 75% dependent on energy, we want to achieve the goal of climate neutrality by 2050. In addition, each project and each financial resource used effectively in energy resilience will serve as a reinforcement in the face of future crises. Moldovan schools, kindergartens and hospitals are the target institutions for energy efficiency projects. We want to drive big change in the energy industry, and we thank you for supporting us through this process.



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