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📍 Chisinau, July 8, 2025 — The European Bank for Reconstruction and Development (EBRD) has approved a €400 million financing package for Moldova’s state-owned energy trader JSC Energocom, aimed at bolstering the country’s energy security through strategic purchases of gas and electricity on European markets.
🔋 Loan Structure and Purpose
- €300 million: Senior revolving working capital loan for energy procurement
- €100 million: Guarantees issued by EBRD to eligible EU suppliers, backed by the Republic of Moldova
The funds will enable Energocom to secure stable energy supplies ahead of the 2025–2026 heating season, particularly critical for Moldova’s 2.4 million residents.
🌍 Energy Vulnerabilities and Strategic Shift Historically dependent on Russian gas transiting through Ukraine, Moldova has no domestic energy production or gas storage capacity. Natural gas accounts for 31% of its energy mix, with 70% consumed by households and district heating utilities.
Following Russia’s invasion of Ukraine, Moldova accelerated its energy diversification:
- Commissioned the Ungheni-Chisinau gas pipeline in 2021, co-financed by EBRD
- Implemented the EU’s Third Energy Package
- Increased EU-sourced gas from 5% to 100% between 2021 and 2023
💡 Reform and Renewable Energy Support The loan supports Moldova’s Energy Sector Action Plan (ENERSAP 2.0) and the development of competitive gas and electricity markets. It also facilitates the rollout of a Contracts for Difference (CfD) scheme to promote renewable energy investment.
🏛️ EBRD’s Role in Moldova With this latest commitment, the EBRD has invested over €2.5 billion across 183 projects in Moldova, reinforcing its position as a key institutional partner in the country’s economic and energy transformation.
For full details, see the EBRD’s official announcement.
