Moldova to increase energy production
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Friday, 16 December 2005
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Moldova plans to increase its own energy production threefold (up to 90 percent of total consumption) by 2010, Moldovan Prime Minister Vasily Tarlev told journalists. At the moment the country produces 35 percent of the energy it consumes, while in 2001 the figure was 10 percent. The increase in energy production is tied to the planned construction of a combined cycle electric generating plant by the Itera oil company.
The project will strengthen the country's energy security. After energy supplies
from a generating plant in Transnistria (owned by RAO UES) were interrupted, Moldova
increased energy purchases from Ukraine to cover the arisen deficit. The government
also signed an agreement for emergency energy supplies with Romania.
The plant's construction is scheduled for the beginning of 2006. The facility
will have one steam and two gas turbines with a capacity of 150 megawatts each.
Investments are estimated at $280m. The energy it will produce will be exported
and supplied to the domestic market.
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