OREANDA-NEWS. February 22, 2013. The document was signed on December, 2012 in Chisinau, Deputy Economy Minsinter Octavia Calmic said. The grant will be allotted to Moldova for co-financing rehabilitation of power transportation networks of state enterprise Moldelectrica and preparing the sector for Moldova's joining the European Network of Transmission System Operators for Electricity (ENTSO-E).

The total commitment of the project makes up 39.3 mln. euros of which the EU will grant 8 mln. euros, the rest of the money being borrowed by the European Bank for Reconstruction and Development and the European Investment Bank. Premier of Moldova Vladimir Filat named the project one of the most- large-scale ones and stressed it would be beneficial for energy safety of Moldova.

As it was said earlier, Moldova is planning to hook up to the European Network of Transmission System Operators for Electricity by 2020. For this purpose Moldova is going to construct three new high -voltage power transmission lines with Romania and one with Ukraine.

The four lines are valued at over USD135 mln. Besides, the internal transport network of Moldelectrica is to be rehabilitated by modernizing its substations of 400 kW and 110/10 kW and three transmission lines of 110 kW at a length of 1 to 20 km and by setting new transformers and other equipment. Moldelectrica is a completely state-owned enterprise subordinated to the Economy Ministry.

Its main functions are transporting energy through high-voltage lines, prompt centralized administration, exploitation of intersystem transit communications together with energy systems of other states, etc.