The Norwegian government will provide Moldova with a grant of 35 million euros to buy gas, while the EBRD will grant Moldova an additional tranche of 165 million euros.
This is envisaged by the draft amendments to the law on the exemption of Energocom from the obligation to guarantee the repayment of the loan and on the granting of tax and customs privileges for the import and/or supply of goods and/or services meant for the implementation of the "Moldova Gas Security Supply" project, passed by the parliament in the second reading. In particular, tax and customs privileges were approved for the use by the state-owned company Energocom of a 35 million euros grant provided by the Norwegian government under the NANSEN program, as well as an additional tranche of a 165 million euros loan from the European Bank for Reconstruction and Development (EBRD). The money will be used to purchase natural gas and will help reduce the purchase price of natural gas and, consequently, reduce the financial burden on end consumers. The Ministry of Energy notes that the EBRD loan is of Revolving type, and these funds can be used up to 3 times. The provided tax incentives will make it possible that import taxes and VAT will not be added to the final price of gas purchased and supplied by Energocom to Moldova, which will guarantee that these costs will not be included in the natural gas tariffs borne by end consumers. Earlier it was reported that the EBRD allocated 300 million euros in two tranches for the implementation of the "Moldova Gas Security Supply" project. These funds were used to purchase gas on international markets before the heating season and have already been returned. // 16.02.2024 - InfoMarket.
