Romanian OPCOM to Register a Subsidiary Company, It Will Become the Electricity Market Operator in RM

According to the press service of the Energy Ministry, the decision was taken at the general meeting of the Romanian company in Bucharest in the context of the signing this week of a Moldovan-Romanian intergovernmental memorandum-agreement on the implementation of projects for the interconnection of the two countries’ natural gas and electricity networks. The subsidiary will be called “Moldova Energy Market Operator"”, OPEM for short, and will be registered with the Public Services Agency with an authorized capital of 500,000 lei. “Thanks to OPCOM’s experience, we will have a functional energy exchange already in 2024. Since the company is a market operator in Romania, we will connect the markets of the two countries. In fact, the operators of our market will have de facto access to the Romanian energy exchange,” Energy Minister Victor Parlicov said. According to him, it will be easier for the Moldovan energy market to integrate into the energy market at the European level. “As a result, a significant part of the problems faced, including by domestic producers of renewable energy sources, will be solved,” the minister claimed.