The European Union (EU), the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD) and the World Bank have jointly provided €270 million ($320 million) of finance the construction of the Moldova-Romania electrical interconnection link.
The finance will be used for the construction a permanent interconnection between the electrical networks of Moldova and Romania, which will include construction of a new 400 kV high-voltage overhead line between Vulcanesti, in the south of Moldova, and the capital Chisinau. reports CTBR.
It will also cover the upgrading and expansion of the substations in Chisinau and Vulcanesti and the construction of a new back-to-back converter substation in Vulcanesti.
Moldova’s public electricity utility Moldelectrica will carry out the project over three years, between 2019 and 2022.