Moldelectrica, which is implementing the European Union\u2019s Third Energy Package, will also use the loan to rehabilitate its internal electricity transmission network and build a 400 kV (kilovolt) substation at Balti.<\/p>\n\n\n\n
The Balti-Suceava project, costing a total of \u20ac77 million, is co-funded by the European Investment Bank (EIB), which is also lending \u20ac30.8 million. The European Union\u2019s Neighbourhood Investment Platform (NIP) will provide a \u20ac15.4 million grant.<\/p>\n\n\n\n
The project\u2019s aim is to increase Moldova\u2019s energy security by accelerating the country\u2019s integration with the European grid, ENTSO-E, as well as to strengthen the country\u2019s integration with its European neighbours.<\/p>\n\n\n\n
According to the EBRD, more than 80 per cent of electricity consumed in Moldova came historically from the unrecognised breakaway region of Transnistria, along with imports from Ukraine via a grid connecting several former Soviet republics. <\/p>\n\n\n\n
Since 2015, Moldova has been working to diversify sources through closer links with Romania, and has one interconnection line to Romania (the Vulcanesti-Issaccea line).<\/p>\n\n\n\n
With the start of Russia\u2019s full-scale war against Ukraine in 2022, both Moldova and Ukraine quickly synchronised with the European grid. The Balti-Suceava line will further strengthen Moldova\u2019s integration of Moldova with ENTSO-E and increase the country\u2019s energy security.<\/p>\n\n\n\n