Moldova energy fund to boost home efficiency
Assets financed by Moldova's Energy Efficiency Fund will be transferred to beneficiaries free of charge. Recipients must use the assets responsibly and maintain them in good condition.
The transfer procedure is outlined in a regulation approved by the government on Wednesday.
The government says the new measures will simplify access to investments for individuals and homeowner associations, eliminating some bureaucratic stages.
Dina Roșca, the Ministry of Finance's General Secretary, said the new provisions would have a positive impact on all sectors, including public services, by ensuring continued funding for energy security.
The project implicitly regulates the procedure for benefiting from tax and customs exemptions on natural gas and electricity imports intended for the implementation of the project to Strengthen the Energy Security of the Republic of Moldova, the General Secretary stated.
The document aligns with the government's commitment to speed up energy efficiency projects, which are expected to cut maintenance costs for public buildings and lower utility bills for the public. The Ministry of Energy will oversee the implementation of the regulation.
In recent years, the government has initiated several important energy efficiency projects, including the renovation of 30 public buildings, the energy rehabilitation of 46 schools nationwide, the modernization of 10 hospitals, and other investments in 11 healthcare facilities, including hospitals in Florești, Ialoveni, and Nisporeni.
The Moldovan Residential Energy Efficiency Fund is a national programme with a budget of 1.4 billion lei (£63 million), designed to finance home energy renovation projects. The programme supports both apartment blocks and individual homes.
Over the next three years, more than 500,000 square metres of housing will be renovated, which is expected to generate energy savings of up to 40%.
Translation by Iurie Tataru
