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The risks in the field of electric power are very small for Moldova, and in case of termination of supplies from the Moldovan HPP, electric power will be purchased in full from Ukraine, Andrei Spinu stated.

The risks in the field of electric power are very small for Moldova, and in case of termination of supplies from the Moldovan HPP, electric power will be purchased in full from Ukraine, Andrei Spinu stated.

Andrei Spinu, Deputy Prime Minister and Minister of Infrastructure and Regional Development, said this while speaking on a private TV channel. "If the Moldovan HPP stops delivering electric energy to the right bank of Nistru River because of possible problems with natural gas supply, Moldova will increase the volume of electric energy purchase from Ukraine and is ready to buy 100% of the necessary volume of electricity from Ukraine," Andrei Spinu said. Spinu also said Moldova is already connected to the European Network of Transmission System Operators for Electricity (ENTSO-E), which gives it the possibility to buy electricity from Romania or other EU countries. The Deputy Prime Minister, Minister of Infrastructure and Regional Development admitted that the prices of electricity in the EU are very high, several times higher than in Ukraine, and therefore the first possible solution in case of stoppage of supplies from the Moldovan HPP would be to buy electricity from Ukraine at prices which are relatively good. According to him, there are far fewer risks for Moldova in the electricity sector as a whole, but they are obviously there because there is an ongoing war in the neighboring country, from which electricity is purchased. As InfoMarket news agency earlier reported, Energocom signed contracts for electricity supply in September at the same prices with the Moldovan HPP and the Ukrainian company Energoatom. Particularly, 67% of the necessary electric power will be supplied to the right bank of the Nistru/Dniester by the Moldovan HPP situated in the Transnistrian region and owned by the Russian company Inter RAO at $59.9 per 1 MWh, the same as in June-August. At the same time, Energocom will buy 30% of the electricity in September from the Ukrainian company Energoatom at $77 per 1 MWh, the same price as in June-August. In order to purchase 3% of the electricity to balance the peak consumption, a contract was concluded with the Ukrainian company Ukrhydroenergo, which will supply it at $100/MWh. As a result, the weighted average price of electricity in September will be $66.23/MWh, and the electricity tariff for citizens and the economy remains unchanged. The weighted average electricity price for August was $65.03/MWh. // 02.09.2022 - InfoMarket

News on the subject

The price for the Russian gas supplied to Moldova in September will reach a new record high of $1882.78 per thousand cubic meters.
The price for the Russian gas supplied to Moldova in September will reach a new record high of $1882.78 per thousand cubic meters.
Energocom will purchase 10 million cubic meters of natural gas from Moldovagaz in two batches and store it in Romania.
Energocom will purchase 10 million cubic meters of natural gas from Moldovagaz in two batches and store it in Romania.
Termoelectrica announced a tender for the purchase of 20,000 tons of fuel oil in reserve to be used in case of gas supply interruption.
Termoelectrica announced a tender for the purchase of 20,000 tons of fuel oil in reserve to be used in case of gas supply interruption.
Energocom will conclude power purchase contracts for September-October 2022 based on direct negotiations.
Energocom will conclude power purchase contracts for September-October 2022 based on direct negotiations.
Import of petroleum products to Moldova in the first half of 2022 rose by 6.9% - from 385.32 thousand tons to 411.9 thousand tons, relative to the same period of 2021.
Import of petroleum products to Moldova in the first half of 2022 rose by 6.9% - from 385.32 thousand tons to 411.9 thousand tons, relative to the same period of 2021.
The increase in diesel prices on international markets and in Moldova is due to a significant reduction in diesel stocks in Europe - ANRE.
The increase in diesel prices on international markets and in Moldova is due to a significant reduction in diesel stocks in Europe - ANRE.