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Romanian companies Nuclearelectrica and OMV Petrom are ready to increase electricity supplies to Energocom at a preferential price until the end of March 2025

Romanian companies Nuclearelectrica and OMV Petrom are ready to increase electricity supplies to Energocom at a preferential price until the end of March 2025

The announcement was made during a meeting of the governmental commission for coordinating measures to prepare for the 2024-2025 heating season and mitigate the consequences of the energy crisis in case Gazprom stops supplying gas to the left bank of the Dniester starting from January 1, 2025, held by Prime Minister Dorin Recean. The participants in the meeting presented information on the reserves and purchases of natural gas and electricity, transportation capacities of energy resources, as well as on the development of information campaigns on measures taken to reduce the consumption of energy resources, etc. According to the presented report, Moldovagaz has 100% completed the purchase of natural gas volumes for the right bank of the Dniester/Nistru river for the whole winter season. The average weighted purchase price is 509 euros per 1,000 cubic meters, which will allow the company not to request a tariff increase this winter. In its report, gas transportation system operator Vestransmoldgaz said it will take all necessary measures to increase the maximum limit of the operational balancing account at interconnection points with Ukraine and Romania, which operate in a normal, low-risk mode, in order to ensure that it can respond promptly when balancing the gas transportation system. Regarding electricity supply, Energocom said it has held discussions with Nuclearelectrica and OMV Petrom to increase electricity imports at a preferential price until the end of March 2025 and the companies have expressed their willingness. All measures have also been taken to increase purchases of electricity generated in Moldova. Both Termoelectrica and CET-Nord reported that it is possible to increase electricity production and that there are no significant risks in the operation of heat production and distribution equipment, as well as quality heat supply to consumers in Chisinau and Balti. Regarding electricity transmission, Moldelectrica announced the successful testing of the operation of 4 110 kV lines of the interconnection with Romania, where the maximum capacity can be used at the level of 110 MW. At the same time, the company is negotiating with the European power grid ENTSO-E to increase the capacity it can provide to Moldova on the interconnections with Romania. In this context, Dorin Recean called on all the competent authorities and energy enterprises to carry out campaigns to inform citizens about the need to rationalize the consumption of electricity, especially during peak hours, which, besides reducing the consumption throughout the country, will contribute to the sustainability of the power grids. Regarding alternative fuel reserves, the representatives of the Material Reserves Agency said that coal reserves are 100 per cent stocked. At the same time, the existing stocks of fuel oil in the state reserves are being replenished within the existing storage volumes. Prime Minister emphasized that responsible institutions should be ready to ensure uninterrupted supply of electricity and natural gas. “Depending on the provoking factor, crisis scenarios and measures to prevent or mitigate the consequences of possible emergencies in the electricity sector will be activated,” Prime Minister said. At the same time, Dorin Recean ordered to resume the work of the Emergency Management Center of the Commission for Emergency Situations, hosted by the State Inspectorate for Emergency Situations, so that it could function in case of a power outage due to bombardment of Ukraine's energy infrastructure or if a contract for electricity supply with MGRES is not concluded. Let us remind you that parliament approved the introduction of state of emergency for 60 days starting December 16 due to the situation in the energy sector. // 16.12.2024 - InfoMarket.

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