Moldova will demand the return of 3.3 billion lei from the revaluation of fixed assets contributed by the government to the authorized capital of Moldovagaz JSC.
This is one of a series of instructions to the Cabinet, which the Parliament approved by its resolution after the hearing in the Parliament of the Report of the Audit of the Compliance of Expenses and Capital Investments presented by the Accounting Chamber in gas enterprises that are entrusted with the obligation to provide public services, as well as in related enterprises, as they are defined in Natural Gas Law, including at indirectly owned enterprises. In particular, the deputies instructed the government, through the Public Property Agency, to start the procedure for claiming the amount of 3.3 billion lei, at the average exchange rate of 2008, in connection with the revaluation of fixed assets contributed by the Moldovan government to the authorized capital of Moldovagaz JSC. This amount should be transferred to the account as a debt of JSC "Moldovagaz" to the Public Property Agency. In addition, it is recommended to conduct a re-inventory of the property contributed by the Moldovan government as a share in the authorized capital of JSC Moldovagaz, and to identify the property that did not participate in the reduction of debts to Gazprom, as well as to determine the corresponding impact on the alleged debts to Gazprom. The document also notes that the Cabinet of Ministers needs to take the necessary measures to suspend the voting rights of the shares of "Moldovagaz", accompanying the property seized by the shareholder of the left bank of the Dniester of Moldova (in case of failure to restore control of JSC "Moldovagaz" over the property of the left bank of the Dniester of Moldova as soon as possible). The goal was also set to evaluate the activities of government representatives in the Supervisory Board and the Administrative Council of Moldovagaz, as well as to submit the necessary petitions to the Prosecutor General's Office to recognize it as the injured party in the initiated criminal cases relating to damage to the enterprises of the JSC Moldovagaz system. In addition, the government/Public Property Agency was instructed, through government representatives in the governing bodies of Moldovagaz, to initiate an increase in the efficiency of gas distribution activities under the jurisdiction of Moldovagaz by ensuring the merger of the existing 12 gas distribution enterprises, as well as to initiate the approval and application of a plan of measures to further reduce gas leaks in gas distribution networks. It was also instructed to support the approval of the budget of investments and expenses by the Supervisory Board and the Administrative Council of Moldovagaz only if there are sources of income covered by the tariff approved by the National Agency for Energy Regulation or other unregulated income. It was also instructed to ensure that Moldovagaz and other government agencies provide all the information requested as part of the international audit of debts carried out on the basis of an agreement requested by the Moldovan government. At the same time, the Ministry of Energy was instructed to start, together with the Public Property Agency, the procedure for recognizing / registering as state property gas networks that do not have an owner, and transferring networks belonging to local ownership to state ownership, while ensuring that changes are made to the provisions of Government Decree No. 683/2004 and article 62 of Law no. 108/2016; develop a concept for the management of gas networks owned by third owners (not owned by Moldovagaz) and submit proposals to the Moldovan government on the form and entity that will manage these gas networks. The Ministry of Energy was also instructed to conduct an inventory of transmission and gas distribution networks that are in public ownership (including local ones) and do not have an owner. At the same time, in order to reduce trade markups for goods purchased through intermediaries, the Ministry of Finance, the Ministry of Economic Development and Digitalization and NAER are recommended, in order to reduce trade markups for goods purchased through intermediaries, to analyze the regulatory framework related to the regulation of procurement in the energy sector and propose the mechanisms necessary to ensure purchases directly from producers of goods located outside of Moldova. Along with this, NAER was instructed to speed up the unbundling procedure in 2023 to facilitate the entry of other natural gas suppliers into the market. At the same time, the Prosecutor General's Office and the National Anti-Corruption Center are recommended to inform the parliament within 2 months of the results of consideration of the materials submitted by the Accounts Chamber, NAER and the Financial Inspectorate on the activities of the enterprises of the Moldovagaz JSC system, including the case concerning disappearance of documents on the construction of a building in Chisinau on the Pushkin str. 64, worth 545 million lei. Herewith, within 3 months from the date of adoption of this resolution, the government was instructed to report to the parliament on the results of its implementation.// 03.03.2023 — InfoMarket
