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LOANS & CREDITS June 18, 2020

Moldova Second District Heating Efficiency Improvement Project

WASHINGTON, June 18, 2020 - The World Bank’s Board of Executive Directors today approved the following project:

Moldova Second District Heating Efficiency Improvement Project

IBRD Loan: €92 million ($100 million equivalent)

Terms: Grace = 5 year, Maturity = 30 years

Project ID: P172668

Project Description: The project will enable Termoelectrica, the district heating company in Chisinau, to provide more efficient services to the population through installation of new fuel-efficient cogeneration equipment and the reconstruction and modernization of existing heat and power generation facilities. Additionally, the Project will finance demand-side energy efficiency and energy conservation investments in selected public and residential buildings.

For more information, please visit: https://projects.worldbank.org/en/projects-operations/project-detail/P172668


Boris Ciobanu
Washington, DC
Sona Panajyan +1202 473 9751 spanajyan@worldbank.org