Moldova will receive a grant from the Norwegian government in the amount of 35 million euros and an additional tranche of an EBRD loan of 165 million euros for the purchase of gas.
In particular, this is provided for by the draft amendments to the law approved by Parliament in the first reading on the release of Energocom from the obligation to guarantee loan repayment and on the provision of tax and customs benefits for the import and/or supply of goods and/or services intended for the implementation of the “Security” project natural gas supplies." In particular, tax and customs benefits are approved for the use by the state-owned company Energocom of a grant of 35 million euros provided by the Norwegian government under the NANSEN program, as well as an additional tranche of a loan of 165 million euros from the European Bank for Reconstruction and Development. The money will be used to purchase natural gas and will help reduce the purchase price of natural gas and, accordingly, reduce the financial burden on the end consumer. The Ministry of Energy notes that the EBRD loan is of the Revolving type (repayment-reuse), and these funds can be used up to 3 times. The tax incentives provided will ensure that import taxes and VAT are not added to the final price of gas purchased and supplied by Energocom to Moldova, which ultimately ensures that these costs will not be included in the natural gas tariffs borne by end consumers. It was previously reported that the EBRD allocated 300 million euros in two tranches for the implementation of the “Security of Natural Gas Supply” project. These funds were used to purchase gas on international markets before the start of the heating season and have already been returned. // 01.02.2024 — InfoMarket
