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Summary sheet

Release date
4 June 2025
Status
Reference
Under appraisal | 27/03/2025
20240698
Project name
Promoter - financial intermediary
CHISINAU DISTRICT HEATING PROJECT
TERMOELECTRICA SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 144 million
EUR 326 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

The project intends to address legacy infrastructure issues of the Chisinau district heating network. The rehabilitation works will improve efficiency and energy performance, allow the reinstatement of domestic hot water supply in apartments and therefore contribute to decarbonisation.

The proposed operation mainly focuses on the reconstruction of building-level distribution systems, including the installation of individual heating substations and horizontal pipelines in buildings served by the Chisinau district heating system. The project is expected to reduce heat costs for customers, provide access to hot water for homes connected to the network, and lower greenhouse gas and harmful emissions.

Environmental aspects
Procurement

The investments will contribute to the objective of security of energy supply and climate change mitigation. The project aims at reducing heat and water losses in the district heating network and therefore reducing the related negative "externalities", including reduction of emissions of greenhouse gas and other air pollutants. The project complies with the objectives set in the EIB Energy Lending Policy and is aligned with the Paris Agreement. The project is therefore aligned with the EIB's Public Policy Goals of Sustainable Cities and Regions, Climate Action and Environmental Sustainability.

The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement and the relevant applicable national public procurement rules. Termoelectrica plans to conduct open international single stage procurement procedures.

Under Global Europe NDICI guarantee

Under EFSD+ Guarantee

Milestone
Under appraisal
Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
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Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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