Energocom to Take Out a €400 Million Loan Backed by a State Guarantee to Ensure Energy Security in Winter

A loan agreement was signed today between the Ministry of Finance and the European Bank for Reconstruction and Development (EBRD). The funds will be used to implement the project “Strengthening the Energy Security of the Republic of Moldova”, which aims to ensure uninterrupted supply of natural gas and electricity to end consumers, according to newtv.md. “Energocom has proven itself to be a reliable and responsible partner in ensuring gas supplies to the population. Thanks to this financial instrument, we will strengthen the state’s ability to respond quickly and effectively to potential crises, guaranteeing uninterrupted energy supplies to citizens. Ensuring uninterrupted access to energy resources is a strategic priority for the Republic of Moldova. This is a key factor in protecting the population, especially the most vulnerable groups, as well as in maintaining economic and social stability,” said Energy Minister Dorin Junghietu. The new loan, with a total amount of up to €400 million, will be structured in three tranches of €300 million and will also include a revolving credit facility with a term of five years. These funds will enable Energocom to make strategic purchases of natural gas and electricity to fulfil its public service obligations to consumers in the country, especially in the run-up to the 2025–2026 heating season. This loan is being arranged as the Natural Gas Supply Security Project, signed in 2022, which also provided for a credit line from the EBRD, expires in August.