The Parliament of the Republic of Moldova today approved, in the first reading, the draft law on granting state guarantees to the company Energocom for accessing a credit line of up to €400 million from the European Bank for Reconstruction and Development (EBRD). The legislative initiative aims to strengthen the country’s energy security and ensure a stable and uninterrupted supply of electricity and natural gas for end consumers.

The draft law, previously approved by the Cabinet of Ministers, represents a key step in implementing the “Enhancing the Energy Security of the Republic of Moldova” program. It was developed in the context of the expiration of the current EBRD facility in August 2025 and is based on the commitments undertaken by the Government through the Letter of Intent signed with the European Commission on February 4, 2025.

State Secretary Carolina Novac stated during the plenary session:

“Ensuring uninterrupted access to energy resources is a strategic priority for the Republic of Moldova. Through this financial instrument, we will strengthen the state’s ability to face potential crises and ensure continuity of supply to the population, especially during the cold season.”

The new loan provides for three tranches totaling €300 million, alongside a revolving credit facility valid for a period of five years. The funds will allow Energocom to carry out strategic purchases of natural gas and electricity in order to fulfill its public service obligations and protect the interests of vulnerable households.

Among the anticipated benefits are:

• Preventing supply disruptions, particularly in the winter season, and enabling timely procurement of natural gas;

• Ensuring the liquidity needed to build up energy reserves;

• Avoiding tariff increases for consumers;

• Strengthening national energy security.

The financial facility offered by the EBRD is the result of a competitive and transparent negotiation, subject to public consultation and expert review. It reflects the need to safeguard the country’s energy security through a sustainable and flexible mechanism. It does not place a financial burden on the state budget except in extreme cases, being designed as a protective and stabilizing tool in an uncertain geopolitical context.