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* * EBRD leading renewable energy revolution >> New 4 Energia plant in Latvia >> New projects agreed by WGBC and EBRD >> Poland hosts EBRD meeting >> Armenia to benefit from EBRD loan >> EBRD provides loan to Kobuleti >> New sewage systems brought to parts of Slovenia >> Businesswomen receive welcome boost in Croatia >> Big boost for Lithuanian e-communications market >> Regional Energy Market should be established in Baltic Region >> Czech government announces new efficiency programme >> Renewable energy hits Croatia >> EBRD investment ensures green future >> €11 million loan to provide clean water to Bosnia and Herzegovina >> Romania set for daily fines of €38,000 >> CIMC opens production plant in Poland >> Slovenia aim to reduce building’s energy usage by 30% by 2030 >> Mapei announces HUF 1bn (€3.2m) investment in Hungary >> Mátrai Erőmű opens HUF 6.5 bln. solar power plant >> Elektroprivreda Srbije (EPS) receives €200 million loan from EBRD >> Mátrai Erőmű opens HUF 6.5 bln. solar power plant >> Hungarian government, Grundfos signs strategic partnership agreement >> GVH greenlights Veolia’s purchase of GDF Suez’s plant >>Bulgaria opens new gas transmission pipeline >> EU gives Romania a due date to close and/or restore 109 landfills > Bulgaria Expects to Choose Builder of Gas Link to Romania > EIB extends backing to SME and mid-top undertakings through BS in Slovenia >WOOD-TEC 2015: 14th International Fair for Wood and Furniture Industry in Brno > Laesti raises more capital for Sauga sawmill in Pärnu, Estonia > Poland’s BZ WBK Lease gets loan of €50 million for sustainable energy projects >Bosch invests HUF 9.3 billion in plant expansion > EBRD increases backing for sustainable energy in the Slovak Republic > EBRD targets increased energy savings in Ukraine >> EBRD and EU aim to and develop the water and wastewater services in Romania’s Ilfov County >> Enea to purchase an additional wind farm in CEE >> UPB Energy to build a EUR 30 biomass energy plant in Latvia >> REC celebrates 25 years, embarks on route for the foreseeable future >> Low-carbon city forum focuses on green development >> WIL has many years of expertise in the tyre recycling business >>EBRD and EU look to improve Kazakhstan’s long term source of water >> REC celebrates 25 years, embarks on route for the foreseeable future >> WIL has many years of expertise in the tyre recycling business > RWE to expand wind power portfolio in Poland > Environment : EU Commission brings POLAND and SLOVENIA to The court for e-waste failings >EUR 35 mln will be invested in a Romanian eco-residential complex >> Brodosplit Shipyard in the Adriatic port of Split >> EBRD Transition Report 2013: Emerging economies can break through reform stagnation >> Finish company Fiskars thanks MOL for 350% increase in sales >> Ikea largest store in Poland is completed in Wrocław >> EBRD extends extra €15 million to Raiffeisenbank (Bulgaria) for energy efficiency projects >> Growth returns to Central Europe as 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EBRD launches sustainable energy action plan for Moldova

2011-02-07 00:00:00

The EBRD is boosting its commitment to support Moldova in reducing its energy intensity and promoting energy efficiency investments through a Sustainable Energy Action Plan. A memorandum of understanding to this effect was signed today by the EBRD’s Managing Director for Turkey, Eastern Europe, Caucasus and Central Asia, Olivier Descamps and the Moldovan Deputy Prime Minister and Minister of Economy, EBRD Governor, Valeriu Lazar, Dumitru Lazar.

The action plan provides a framework for cooperation between the EBRD and Moldova in improving the environment for sustainable energy investments in various sectors of the country’s economy, such as power and energy, industry, agriculture, municipal and environmental infrastructure, property, as well as in the residential sector.

Moldova is dependent on energy imports for 90 per cent of its consumption, which account for a third of the country’s budget. The Sustainable Energy Action Plan aims at developing necessary frameworks and facilities that would strengthen Moldova’s national energy security, address regional imbalances, improve industrial competitiveness and reduce the level of Moldova’s greenhouse gas emissions.

Through the action plan the EBRD will assist the Moldovan government in developing necessary legislation for energy efficiency investments, develop financing initiatives to support investments in energy efficiency, renewable energy and possible carbon financing opportunities. In addition the EBRD will provide technical assistance to support the preparation and the implementation of such projects.

A special focus represents energy efficiency in the residential sector, aimed at helping households to cut energy consumption and cut bills. The EBRD is already helping Moldovan authorities to develop necessary legislation on energy efficiency in buildings, a premier in the post-soviet countries.

“The Sustainable Energy Action Plan for Moldova will set the foundation for a vast engagement on behalf of the EBRD and of the Moldovan government to contribute to Moldova’s sustainable growth, economic diversification and competitiveness through the implementation of advanced efficiency technologies”, said Olivier Descamps EBRD’s Managing Director for Turkey, Eastern Europe, Caucasus and Central Asia.

The EBRD is currently implementing similar action plans in Russia, Ukraine, Kazakhstan and Bulgaria. In 2010 the Bank has launched a €20 million energy efficiency financing facility for Moldova – MoSEFF – aimed at financing energy efficiency projects implemented by local private companies.

With committed investments of over €460 million to date, the EBRD is one of the largest investors in Moldova.