| Project Detail |
Location:
Moldova
Project number:
40926
Business sector:
Energy
Notice type:
Private
Environmental category:
B
Approval date:
27 Nov 2009
Status:
Complete
PSD disclosed:
27 Aug 2022
The EBRD is considering a loan to be extended to RED Union Fenosa Moldova S.A. (UFM), the electricity distributor covering Chisinau as well as southern and central Moldova. UFM is 94 percent owned by Union Fenosa Internacional S.A. and 6 percent by the EBRD.
Project Objectives
The EBRD loan will be used to upgrade UFMs network through investments in distribution lines as well as improvements in substations, installations, and information systems.
Transition Impact
ETI score: 130
The transaction builds upon the existing loan the EBRD extended to UFM, solidifying and extending transition gains generated after the privatisation of electricity distribution network in 2000. The loan will help to reduce losses as well as improve collection rates and operating performance. Additionally, through the transaction the Bank also will continue its active dialogue with the energy regulator to foster a transparent, equitable tariff regime and attractive investment climate.
The transaction builds upon the existing loan the EBRD extended to UFM, solidifying and extending transition gains generated after the privatisation of electricity distribution network in 2000. The loan will help to reduce losses as well as improve collection rates and operating performance. Additionally, through the transaction the Bank also will continue its active dialogue with the energy regulator to foster a transparent, equitable tariff regime and attractive investment climate. |
