Moldova will benefit from financial support provided by the United States for strengthening the energy security. The parliament’s commission for foreign policy and European integration on November 2 gave a positive notification to initiating negotiations on the signing of the 14th Amendment to the agreement on assistance concluded between the governments of the two countries.
Thus, the government of the United States will provide an additional contribution of $19.5 million. The money will be used to reduce the dependence on Russia, through the connection of the key elements of Moldova’s energy sector to the European systems, as well as for the attraction of investments in the local production of energy, diversification of the supply with natural gas and enhancing the energy efficiency.
The amendment due to be negotiated also sees the establishment of the terms and conditions as to the contribution of the U.S. Agency for International Development (USAID) worth $30 million, due to be provided to Moldova’s government. The money will be used for purchasing electric energy from Ukrainian providers on the period May-September.
The assistance agreement on the goal of development between the governments of Moldova and the United States for sustainable economic growth anchored in European integration was signed in 2016. The present Amendment will enter into force on the date of its signing. (Moldpres/Business World Magazine)