CNPWorking groupsEconomic DevelopmentNewsEuropean Bank awards best sustainable energy projects in Moldova

European Bank awards best sustainable energy projects in Moldova

European Bank awards best sustainable energy projects in Moldova

BERDIn Chisinau, on February 15th, seven best sustainable energy projects under the Moldovan Sustainable Energy Financing Facility (MoSEFF), carried out with the financial support of the European Bank for Reconstruction and Development, were awarded during the "EU-EBRD Sustainable Excellence Awards 2012" ceremony.

Launched in 2010, MoSEFF is an EBRD's energy efficiency financing programme worth 20 million euros, with a grant component of 5-20 per cent, backed by the EBRD via Moldovan partner-banks. The proceeds are given to companies that are willing to invest in the energy field or in renewable energy sources.

Seven companies became the winners of the EU-EBRD Sustainable Energy Excellence Award 2012, as follows: "Award for Industrial Energy Efficiency" - MACON SA, Chisinau; "Award for Energy Efficiency in the Food Sector" - ORHEI-VIT SA, Orhei; "Award for Agricultural Energy Efficiency" - MAGT VEST SRL, Dondusheni; "Award for Energy Efficiency in Small Enterprises " - COLOTEIA SRL, Chisinau.; "Award for Best Building Rehabilitation" - Restaurant BUTOIAS SA, Chisinau; "Award for Best Solar Project" - VILA VERDE HOTEL UNGHENI, Ungheni; "Award for Best Biomass Energy Project" - AGROMAXER SRL, Straseni.

So far, 37 projects in a wide range of industries from agriculture and food-processing to manufacturing have been supported by MoSEFF. Another 25 projects are about to be financed, the EU bank's official said. He added that the EBRD provides financial support for energy efficiency, as well as technical support financed by the European Commission via the Inogate programme.

MoSEFF-funded investments represent combined energy savings of 61,700 MWh of primary energy per year, and a collective carbon emissions reduction of about 24,178 tonnes annually. These savings are equivalent to the annual energy consumption of 27,400 Moldovan citizens and the carbon emission savings are equal to the annual emissions of over 17,000 passenger cars.

Deputy Economics Minister, Ilarion Popa said that the National Agency for Energy Efficiency had been set up, and the National Programme on Energy Efficiency had been created in order to streamline the energy consumption and to turn to account the renewable energy sourcesSince the beginning of its operations in Moldova, the EBRD has allotted over one billion euros through 85 projects in various sectors of the economy.