MOLDOVA'S POWER SECTOR: CHALLENGES AND OPPORTUNITIES
MOLDOVA'S POWER SECTOR: CHALLENGES AND
OPPORTUNITIES
AUTHOR: VEACESLAV DODONU, BISNIS REPRESENTATIVE IN MOLDOVA
Moldova is a small state about the size of
Maryland, wedged between Romania and Ukraine. Its
population from both banks of Dniester River is 4.4 million
people, of which almost 1 million reside in Moldova's capital,
Chisinau, and its vicinity. Moldova's 1998
nominal Gross Domestic Product amounted in
nominal terms to Lei 8.8
billion1.89billion U.S. dollars, which,
in real terms, is only a fraction of the 1990 level.
Although economy-wide reforms started in the early nineties, with privatization of state-owned assets officially commencing in 1994, it was not until 1997 that the Moldovan Government, prodded by the World Bank and other international donors, turned its attention toward the power sector. At that time, power generation, transmission and distribution functions resided in a company called Moldenergo, the state monopoly. Price-setting was more dependent on political considerations with little regard to economic principles. Cross-subsidies persisted and power tariffs were insufficient to cover true costs. Enterprises and the public at large regarded electricity as a social entitlement rather than tradable merchandise. And debts to gas and other suppliers kept building up. What is most striking is that this state of affairs sent improper signals to the rest of the economy, causing inefficiencies in energy use and bad financial discipline. As a result, energy costs accounted for as much as 30 percent or more of the final cost of many products, according to some estimates. This made Moldovan products less competitive in the world market.
With the unbundling of the state monopoly Moldenergo into 16 functional and autonomous businesses and their corporatization in 1997, a new stage was set for introducing free market-based principles. Companies became legally registered as joint-stock companies, but were still in state hands. Also in 1997, the National Energy Regulatory Agency (NERA) was set up with the aim to separate politics from sound economic decisions and to return the sector to reasonable profitability. NERA currently regulates power distribution, generation, and transmission and dispatch companies. These and other developments that followed have formed Moldova's power sector of today.
Moldova's 1998 power consumption was 3.76 billion kWh after transmission, but before commercial losses were accounted for, with a peak load of 1151 MW in January 1998 and a minimum load of 182 MW in August 1998. For the ten months of 1999 kWh used were 2.74 billion, implying that on a year-on-year basis the 1999 consumption figures will be lower than in 1998. Compare this with the 1990 when GDP (Transnistria included) was at its highest level in Moldova's history with power consumption reaching 12.65 billion kWh. According to a strategic outlook for Moldova's power sector issued by the Government in mid 1997, average increase in the annual consumption was estimated at 3 percent until 2005.
Moldova is able to produce only about
one-third of the power it needs with the rest coming from
Ukraine, Romania, independent power suppliers and Moldavskaya
GRES, which is located in the breakaway region of
Transnistria. Moldavskaya is by far the biggest power
generating plant in the count (see Table 1). Two, out of
three combined heat and power plants, are located in Chisinau,
the other one is situated in Balti. Over 90 percent of fuel
used at CHPs is gas, while the other fuel used is number six
oil. Russia's Gazprom is the main supplier of gas to
Moldova, while number six oil comes from Romania, Russia, Belarus
and Ukraine. According to press reports, a new gas supplier
recently made its way to Moldova with gas reportedly 25 percent
cheaper compared with Gazprom's USD 60 per 1,000 cubic
meters
according
to the 1999 contract. The press also reported that the gas
supply agreement Moldova signed with Gazprom in late December
1999 stipulates a price of USD 80 per 1,000 cubic meters.
However, there is talk that the final price will be somewhat
lower.
Moldova's summer generating capacity deficit is estimated at 450 MW, while the winter deficit stands at 650 MW. The Government's strategic outlook issued in 1997 envisaged an increase in generating capacities from 478 MW at present to 1,143 MW by 2005.
Power is transported and dispatched by Moldtranselectro, a state-owned company, which owns high-voltage transmission lines. The five distribution companies, Chisinau, North Western, Northern, Central and Southern, serve customers at the level of 35kV and down to 0.4-10 kV across Moldova's right bank. Of them, Chisinau Disco is the biggest, serving 243,737 residential and non-residential customers that use roughly 40 percent of the power consumed. Northern Disco is the second largest in terms of the power delivered to customers with a share of about 20 percent and a customer base of 285,477.
All distribution and generating companies, including the transmission and dispatch company, are regulated by NERA which adopts its decisions through a majority vote taken by its three commissioners. Given NERA's two-year experience in energy regulation, some Western consultants believe that NERA is well prepared to conduct its legal responsibilities.
NERA sets the fee, which the transmission and dispatch company charges from distribution companies. It also tells domestic generating companies subject to regulation what are the maximum prices they can charge. A schedule of prices set by NERA is shown in Annex 1. Power prices or tariffs are set on a cost-plus basis allowing the regulating entities to earn a reasonable profit margin. Prices are set based on a Tariff Calculation Methodology (TCM) developed and approved by NERA on June 25, 1999. In particular, the Methodology calls for tariff revision once a year. If unforeseen changes take place, such as devaluation of the Moldovan currency, change in fuel cost or other changes in cost that may have an impact on the tariff of 3 percent and over, NERA may adjust the tariffs accordingly.
Starting with October 1998, distribution companies are allowed to sign bilateral contracts with local power generators bypassing Moldtranselectro. Moldtranselectro sells power to distribution companies when the latter's portfolio of suppliers is not enough to cover the power needs of its customers. In the past, Moldtranselectro purchased power from local and foreign generators and suppliers and resold it to distribution companies. In 1999, NERA made a decision to apportion the output of domestic generators in such a way that retail prices at all the five distribution companies, taking into account foreign sources of power, are approximately the same ensuring uniform tariffs across the economy. For example, CHP-1's output goes integrally to Chisinau Disco. CHP-2's output, being competitively priced, is allocated among all the five distribution companies with each receiving a fixed percentage of CHP-2's output. All output of CHP-Balti, Costesti Hydro and a part of sugar plants' CHPs goes to Northern Disco. Until November 1, 1999, Chisinau Disco supplied gas to Moldavskaya GRES in exchange for power. It is yet unclear what, and if, the gas-for-power arrangement will be in the future. The unwillingness of Moldavskaya GRES to supply power to Chisinau Disco under the existing arrangements caused Moldtranselectro to exceed the power usage set forth in the contract with Ukraine by a significant margin. At the same time, all distribution companies contract power from Moldtranselectro, which acts as a power dealer between Romania and Ukraine, on one hand, and domestic distribution companies on the other. According to Mr. Anatol Saracuta, General Director of NERA, after CHPs are privatized they will continue to be regulated, possibly having the option of selling power at market prices in wintertime only.
“Of the fourteen independent power suppliers at non-regulated tariffs licensed by NERA, only two are active in the Moldovan power market,' says Mr. Saracuta. For example, Energo Montage is the most active independent power supplier, providing Chisinau and Southern discos with about 52 MW of capacity at unregulated tariffs. According to the Tariff Methodology, distribution companies, which also act as power suppliers at regulated tariffs, have an incentive to contract power at lower prices. This is because they are permitted to keep half of the incremental profits resulting from an advantageous deal. The reason independent suppliers are not active is that power sales are monopolized in Romania and Ukraine, where, with a few exceptions, a single state entity is allowed to export electricity. Such arrangements keep independent suppliers away from scouting for better deals.
It is clear that the market has yet to evolve to using better mechanisms, which would ensure its efficiency and transparency. NERA, with the advice of Hagler Bailly Services, Inc., a US-based energy consulting firm working in Moldova under a U.S. Government-financed assistance project, prepared a set of market rules for the power sector. These rules, when adopted, will introduce free market-based mechanisms for trading power and for its economic dispatch. Currently, interested parties whose feedback will be incorporated in the rules are reviewing the document. Mr. Saracuta believes that NERA will finally adopt the market rules in early 2000. Generally, the rules will provide for the institution of a so-called 'power balancing market', whereby, in addition to the existing bilateral contracts, excess and deficit of power will be traded allowing for a more efficient allocation of resources.
In the opinion of Mr. James Tasillo, a Western veteran of Moldova's power market reform and project manager at Hagler Bailly's Chisinau office, the goals of the Power Market are to provide adequate, safe, reliable energy to Moldova's consumers at competitive prices. This, he argues, will encourage power suppliers (power distribution companies) to seek low cost supplies, while the power supply system will operate more efficiently and consumers will benefit from lower cost supplies
According to the Electricity Act (available
online at www.bisnis.doc.gov), until the end of the year 2000
distribution companies have the exclusive right to supply power
to customers located within the boundaries of the area specified
in the license.
According to some experts,
NERA will
extend
this
deadline until
2005. Upon a decision which is yet to be issued by
NERA, after 2000
the
deadline customers will have the right to choose their own
power supplier.
At present, residential customers connected to the grid through 1.14 million meters use over 40 percent of power compared with just 10 percent in 1990. This says a lot about power usage by industrial and other non-residential customers (connected through a little over 15,000 meters), some of whom are barely surviving.
Statistics for 1997, the latest year for
which this information is available, shows that the combined peak
load of 65 Moldovan non-residential customers is 188 MW.
This is roughly 16 percent of the country's peak winter
load. Some of these customers are: Rezina Cement Factory
(28 MW peak load), Soroca Water Utility (12 MW), the Chisinau
Glass Works (7.5 MW), Briceni Sugar Refinery (6.3 MW) and the
tractor-manufacturer Traconm (5.9
MW).
Given Moldova's enormous debts for gas and
power supplies, periodic power outages occur. As recent as
November of this year1999, selected
areas of Moldova's capital were shut down for an average of six
hours per day. In one particular day, even the Presidential
Palace and the Parliament building, which are normally not
affected by blackouts, were shut down for a short while.
But the problem is much bigger. Outside Chisinau, many
localities have power for only several hours a day over a long
period now. Publicly available reports abound in evidence
that companies are not only experiencing power deficiency, but
that power is being shut down without any advance warning
whatsoever. The paradox is that even paying customers
suffer blackouts, which are being disconnected along with
non-paying ones. Says Mr. Saracuta, “Everyone
understands that it is very hard to disconnect each customer
individually, so mass interruptions are practiced. Few if
any of these customers have taken the distribution companies to
court.
But normally, a customer contract will say that such
power interruptions may occur under a ‘force majeure
clause', where, for example, there is not enough generating
capacity to cover demand.” Even when there is power,
power frequency is inadequate. This is mostly because
Moldova is dependent on its much bigger neighbor, Ukraine, for
maintaining power frequency, which is usually slightly below
50Hz, but hardly ever that amount.
Pricing of power generated locally is shown in Annex 1. In the second quarter of 1999 the average tariff for power supplied by Moldavskaya GRES was 38.38 bani/kWh or 3.29 cents/kWh. Romania sells power to Moldova at 3.25 cents/kWh if payment is made within 30 days and 2.8 cents/kWh if cash advance is effected. Ukraine's power export company exports to Moldova at 3.2 cents/kWh. In September 1999 Russia's United Energy Systems was offering Moldova two billion kWh per year at 1.8-2 cents/kWh with the condition that payments were timely and in cash.
NERA allows domestic regulated companies to charge a 10 percent mark-up on all reasonably incurred costs, excluding purchased power costs -- for distribution companies and fuel costs -- for CHPs.
As shown in Table 1, the most 'new' generating assets belong to Moldavskaya GRES dating back to 1980. However, even at Moldavskaya only two out of 12 generating units are currently in operation. For several years now, no serious overhaul has been carried out. According to some estimates, over 100 million U.S. dollars are needed for its rated capacity to become fully operational again. At other Moldovan CHPs the situation is also dramatic. For example, CHP-2 is at least five years behind in maintenance works for which an estimated 10 to 15 million U.S. dollars are needed.
Power losses or power theft compounds the
problem. An average of 30 percent of power disappears after
it reaches distribution companies, of which about 20 percent is
due to thefts (see
Table
2Table
3). Anecdotal evidence suggests that in
previous years one could buy a book that claimed to provide over
one hundred ways to steal power. Distribution companies
beefed up their teams of controllers verifying customer meters
and embarked on a program, each of them separately, to replace
service drops, take meters outside the house and enclose them in
tamper-resistant boxes.
A Moldovan company ADD developed a
computerized system that, when installed, can monitor in real
time power consumption by customers from a remote location.
This system is likely to be used in high-density locations such
as Chisinau or Balti. Some of the distribution companies
have even started replacing Soviet-era induction meters with new
electronic meters, which are less prone to tampering. But
it takes much more financial and managerial effort to eliminate
thefts. And an appropriate legal framework with an
efficient court system plays a crucial role in this. It is
possible, however, that commercial losses are overstated due to
the fact that residential customers, who read their own meters,
may under-report meter readings. No small matter is the
theft of overhead cables and other equipment. The
Department of Energy reported that during 1999,
roughly
1.3 15 million
U.S.
lei
dollars worth of equipment was stolen.
The average payment rate in the first ten
months of 1999 was 75 percent (losses included). Of the
total payments, 72 percent were in a form other than cash, which
partly explains why Moldova is unable to pay its foreign
suppliers, not to mention domestic power entities' worsening
financial condition. For example, Moldova paid for only
half of the power received from its foreign suppliers in
October. One should not forget the huge debts which, as of
January 1, 1999, amounted to
447.3138.32 million lei
U.S.
dollars at the three CHPs and
946.781.1 million lei
U.S.
dollars at the five distribution companies. However,
according to the latest press reports, the Moldovan Parliament
exonerated all five distribution companies from repaying debts in
the amount of 140 million U.S. dollars, the amount representing
Moldova's bonds issued to Gazprom which Moldova bought back
recently. Gazprom said it could not tolerate poor payments
anymore and cut its gas supply to CHPs to only one fourth of the
amount required.
Moldova is unlikely
to be hit severely by the year 2000 problem. This is
because computers are not as widespread as they are in
industrialized countries. A national task force charged
with identifying and solving the Y2K problem in Moldova announced
in mid-December that Moldova is 90 per cent ready for the new
millennium. However, the energy sector is reported to be
one of the most susceptible to the Y2K glitch, though it is
unlikely to cause any major disruptions. In the words of
the head of the Y2K Task Force, Mr. Nicolae Cristea, “the
situation is under control.” The question still
remains about the readiness of Moldova's power trading partners,
Romania and Ukraine, for the Y2K problem, as considerable amounts
of power are imported from these two countries. Says Mr.
Mariyin Vladimir, Chief of Information Systems at
Moldtranselectro, “Moldova is more likely to be hit by the
Y2K problem from the outside, that is from Ukraine and Romania,
than it is from the inside." His estimates are that domestic
power dispatch and generating activities are worse prepared for
the problem with a 50 percent chance of being hit at the turn of
the millennium.
Privatization is believed to be essential to a better functioning power market. Says Mr. Tasillo, “No matter how well-organized, ambitious or skillful its management team may be, the existing power entities cannot operate as effectively as a private company with purely commercial objectives guiding its activities.”
A bright spot made its appearance in
Moldova's history when the winning bid made by Union Fenosa of
Spain for Moldova's distribution companies was announced on
December 1, 1999. Union Fenosa offered a hefty USD 20.2
million for the Chisnau Disco and Central Disco
(first lot) which were put up for sale as a single package and
USD 15.3 million for Northern and North-Western (second lot) also
auctioned as one package. According to the conditions of
the tender, no investor can own the first and second lots
simultaneously. This forces Union Fenosa to go with
Chisinau and Central, and focus on
.
The Spanish
company
is also
buying the Southern distribution company. The third lot, consisting of Northern
and North Western distribution companies,
will be put up for sale again at
the time of privatization of the three CHPs
scheduled
for February
to be
officially announced in the spring of 2000. Union
Fenosa bid along with ABB, EdF Saur, American Energy Systems, UES
of Russia, Luganskoblenergo of Ukraine, Cinergy (USA) and ESB
International (Ireland). The Ukrainian and Russian bidders
failed to qualify, while the other companies pulled out of
competition after the Parliament voted out the reformist
government of Ion Sturza.
New power generating assets will be added soon to the existing ones. At he beginning of 1999, SIIF Moldova, a French consortium, received the permit to build a 125-MW gas turbine on the outskirts of Chisinau, in the Budesti region. The amount to be invested in the project ranges from 250 to 300 million U.S. dollars and will take two to three years to complete. SIIF Moldova has also committed itself to transforming the plant into a combined cycle operation within four years of commissioning. It was reported that the contract for the supply of gas to the Budesti plant was signed between EdF, which participates in the SIIF-Moldova venture, and Gazprom of Russia.
Another potential investor is Nikolus-Energo. Interlik agency reported in December 1999 citing sources at the Chisinau City Hall that Nikolus will add a steam turbine to an already existing boiler house located on the eastern side of Chisinau. Experts gauge that the capacity of this turbine will reach 50 MW in wintertime with a heat-generating capacity of 50 gygacalories. The power price will be 2-2,1 cents/kWh. It is planned that the turbine will be up and running in the fall of 2000.
Despite the seemingly unfavorable circumstances, a few opportunities exist for U.S. firms to do business in Moldova. The success of the transaction will largely depend on their ability to identify paying customers or to create conditions such that payment is made on time and preferably in cash.
First, there is privatization of Northern
and North Western distribution companies and of the three CHPs.
. The February 2000
privatization of CHPs is also likely to succeed in part due to
the already privatized distribution networks, which will instill
better commercial discipline among customers. Given the
currently difficult economic situation, assets are also going to
be cheaper than at the time when the economy will finally look
more promising. An investor may be likely to get interested
in the idle, but still functional, generating capacities of
Moldavskaya GRES, which require investments to achieve full
capacity.
Secondly, given Moldova's power deficiency small power generating units with a capacity of up to 100 MW could be built. Such units will add maneuverability to Moldova's small power system. These generating units could be built as: (1) a green field investment following the example of French investors as approximately 325 to 525 MW are still needed; (2) an addition of turbine to an already functioning boiler house, such as the one in Taraclia, Moldova's southern part; and (3) custom-built small generating units designed for a particular client or group of clients. The green field investment has the advantage of being built exactly to investors' specifications, but carries the disadvantage of potentially being a rather costly endeavor. The addition of a turbine to an already existing infrastructure, such as the one provided by a boiler house, is likely to be less costly than a green field investment, but may be lacking in certain technical features as the investor would be adjusting to the existing infrastructure limitations. Some enterprises, whose technological processes require an uninterrupted power supply, are choosing to operate their own power generating units as a backup in case of emergency. This was what the administration of the industrial park "Alfa" has done to ensure that the seventy-something businesses located on its territory have a more or less secure source of power supply. Note that according to the Electricity Act, government approval is required to build generating capacities over 20MW.
Thirdly, with time, the high voltage lines connecting Moldova with Romania and Bulgaria will need to be upgraded and maybe new ones added. If one were to assume that Moldova will some day become a power exporter as it used to be only a decade ago, operable transmission capacity will be needed for export purposes. Not to mention the need to upgrade or replace existing transformers within Moldova, many of which are considerably old.
On a smaller scale, more and better metering equipment is required. As a temporary solution, transparent boxes used to enclose meters are currently in demand as a relatively inexpensive measure to prevent tempering with the meter.
It looks like that most of the legal
framework needed for the power market to operate is already in
place. However, NERA will have to adjust to future
developments, privatization being one of them. “The
shift to a system based on commercial operations will bring many
changes that will benefit consumers, but also it means that ANRE
must now begin to learn how to regulate private companies while
guarding consumer interests,” says Mr. Tassi
llo. He is also quick to add that success of
Moldova's power market will be achieved through dedication and
hard work by all participants and Moldtranselectro as market
operator. Many also agree that Moldova must continue to
show political will in order to implement successfully needed
economic reform.
Table 1. Installed Power Generating Capacities in Moldova
|
Generating Co. & years of commissioning |
MW |
|
Moldavskaya GRES, 1964-80 |
2,520 |
|
CHP-2, 1976 |
240 |
|
Sugar Plants CHPs |
100 |
|
Dubasari Hydro, 1954 |
48 |
|
CHP-1, 1958-61 |
46 |
|
CHP-Balti, 1958-60 |
28 |
|
Costesti Hydro, 1978 |
16 |
|
Total |
2,998 |
Note: CHP=Combined Heat and Power generating plant
Source: Ekonomicheskoye Obozrenie, no. 29, August 13, 1999
Table 2. Power losses in distribution networks (0.4-10kV), as percent of total power flow
|
Distribution Co. |
1990 |
1995 |
1997 |
1998 |
1999* |
|
Chisinau Disco |
na |
9.6 |
16.82 |
16.64 |
17.62 |
|
North Western Disco |
8.4 |
19.1 |
17.74 |
34.36 |
35.44 |
|
Northern Disco |
6.4 |
23.9 |
27.34 |
34.41 |
36.82 |
|
Central Disco |
7.2 |
21.2 |
30.62 |
37.50 |
40.28 |
|
Southern Disco |
6.4 |
13.3 |
24.64 |
40.00 |
39.65 |
|
AVERAGE, right bank of Dniester river |
na |
16.6 |
20.90 |
32.58 |
29.70 |
* Jan.-Oct. 1999
Source: Kommersant Moldovy, no.44, December 3, 1999
Annex 1. Price (Tariff) Schedule for Regulated Entities as set by the National Energy Regulatory Agency effective July 1, 1999*
|
|
Tariff, without value-added tax (bani/kWh)** |
|
1. Sale of power by generating companies |
|
|
CHP-1 |
28.21 |
|
CHP-2 |
28.33 |
|
CHP-Balti |
32.20 |
|
Costesti Hydro |
1.22 |
|
2. Sale of power by state transmission and dispatch company "Moldtranselectro" including transmission fee |
42.70
1.87 |
|
3. Charge for the transit of power to other countries (excluding technical losses) |
0.2 cents/kWh |
|
4.Sale for power to all customers |
50.0*** |
Notes:
*)
1 Leu=100
bani. As of December 10, 1999January 11,
2000 the
official Leu/U.S. dollar exchange rate was 11.
6777 Lei to one U.S. dollar.
**)
All tariffs are based onassume an
exchange rate of 12 Lei per one U.S. dollar.
***) This tariff varies depending on time of day and time of year usage for customers with proper metering equipment and other factors.
Useful Contacts:
MINISTRY OF INDUSTRY AND ENERGY
DEPARTMENT OF ENERGY AND FUEL RESOURCES
Str. Vasile Alecsandri 78
Chisinau, Moldova
Tel: +3732/ 213000
Fax: +3732/ 222264
Contact Person: Mr. Valentin Arion, General DirectorVice Minister
NATIONAL ENERGY REGULATORY AGENCY
Str. Columna 101, MD-2012,
Chisinau, Moldova
Tel: +3732/ 212385, 541384
Fax: +3732/ 540534
Email: asaracut@anre.moldpac.md
Contact Person: Mr. Anatol Saracuta, Director; Mr. Veaceslav Chilat, Deputy Director
DEPARTMENT OF PRIVATIZATION AND STATE PROPERTY ADMINISTRATION
Str. Pushkin 26, MD-2012 Chisinau, Moldova
Tel.: +3732/ 234350
Fax: +3732/ 234336
Email: privatization@mop.mldnet.com
Website: www.privatization.md
Contact Person: Mr. Alexandru Oleinic, General Director
MINISTRY OF ECONOMY AND REFORMS
Chişinău, MD-2033
Piaţa Marii Adunări Naţionale,1
Tel. +3732/ 23-41-42
Fax: +3732/ 23-40-64
Contact Person: Mr. V.Cemirtan, Chief of Energy Unit
STATE COMPANY MOLDTRANSELECTRO S.A. (POWER DISPATCH AND TRANSMISSION)
Str. Vasile Alecsandri, 78
Chisinau, Moldova
Tel. +3732/ 253-350
Fax +3732/ 253-142
Email: disp@mtenerg.mldnet.com
Contact Person: Mr. Anatolii Goncear, Director General
Str. A. Doga, 4
Chişinău, MD- 2024
Tel: +3732/ 22-72-84
Fax +3732/ 22-05-47; 43-13-03
Contact Person: Mr. Mihai Cernei, Director
SA”RED- CENTRU” (Central Distribution Company)
str. Luceafărul, 13
or. Vatra, MD-2055
Tel.: +3732/ 71-31-59
Contact Person: Mr. Gheorghe Mihalachi, Director
Bălţi , MD-3100
Str. Ştefan cel Mare, 180
Tel.: +373 231/ 2-20-00
Fax: +373 231/ 2-33-12
Contact Person: Mr. Ion Batrinac, Chief Engineer
SA ”RED-NORD-VEST” (North-Western Distribution Company)
Donduşeni, MD-5100
Str. Ştefan cel Mare, 30
Tel.: +373 251/ 2-23-06
Contact Person: Mr. A. Vengher, Director
Or.Comrat-2, MD-3800
Str. Lenin, 56
Contact Person: Mr. Sava Pandicli, Director
SA”CET-1” (Combined Heat and Power Plant no. 1)
Chişinău, MD-2023
Str.Vadul-lui-Vodă, 5
Tel/Fax: +3732/ 37-52-53
Contact Person: Mr. Tudor Moiseev, Director
SA “CET-2” (Combined Heat and Power Plant no. 2)
Chişinău, MD-2036
Str. Meşterul Manole,3
Tel: +3732/ 24-13-26
Fax: +3732/ 37-21-25
Contact Person: Mr. Ilarion Popa, Director
SA “CET-Nord” (Combined Heat and Power Plant Balti)
Bălţi, MD-3100
Str. Ştefan cel Mare, 168
Fax: +373 231/ 2-33-12
SIIF MOLDOVA (the French greenfield investor)
Tel.: +3732/ 21-37-55
Fax: +3732/ 21-37-53
Contact Person: Mr. Sergiu Cobusceanschi
S.A. CONCERNUL “MOLDOVAGAZ” (Gas Supplier)
Chişinău, MD-2005
Str. Albişoara, 38
MOLDEXPO (organizer of annual shows of energy and energy-saving equipment)
Str. Ghioceilor 1
Md-2008 Chisinau, Republic of Moldova
Tel +3732/ 74 74 19
Fax +3732/ 74 74 20
Email: moldexpo@ch.moldpac.md
Contact Person: Natalia Ciocan, Director
CONTRACTORS OF THE UNITED STATES AGENCY FOR INTERNATIONAL DEVELOPMENT:
HAGLER BAILLY SERVICES INC. (advisor to regulatory commission)
Str. Columna 101, MD-2012
Chisinau, Moldova
Tel.: +3732/ 544945, 544936
Fax: +3732/ 540534
Email: jtasillo@anre.moldpac.md
Contact Person: Mr. James Tasillo, Project Manager
DELLOITTE AND TOUCHE TOHMATSU INTERNATIONAL
Emerging Markets-Moldova Power Sector Privatization
Str. Pushkin 26, Chisinau, MD-012, Rep. of Moldova
Tel.: +3732/ 234267
Fax: +3732/ 237564
Email: DPotash@compuserve.com
Contact Person: Mr. Daniel A. Potash, Resident Advisor
CREDIT COMMERCIAL DE FRANCE (energy advisor to the Department of Privatization)
Str. Columna 101, MD-2012
Chisinau, Moldova
Tel.: +3732/ 543298
Fax: +3732/ 225378
Email: ccf@cni.md
Contact Person: Ms. Gabriela Coica, Country Representative
MULTILATERAL INSTITUTIONS:
INTERNATIONAL MONETARY FUND -- Resident Mission
Chişinău, MD-2033
Piata Marii Adunari Nationale,1, room 105
Tel +3732/ 23-32-32
WORLD BANK -- Resident Mission
Chişinău, MD-2012
Str. Şciusev 76/6
Tel.: +3732/ 23-27-37, 23-70-65
Fax: +3732/ 23-70-53
EUROPEAN BANK FOR RECONSTRUCTION
AND DEVELOPMENT – Resident Office
Room 309, 98, str. 31 August 1989, Chisinau MD-2012, Moldova
Tel.: +3732/ 248414, 249810
Fax: +3732/ 249363
We would appreciate your feedback on this report. Please share your comments and suggestions with us:
Business Information Service For the Newly Independent States (BISNIS)
U.S. Embassy Chisinau
Str. Mateevici 103
Chisinau 2009 Moldova
Tel. +373 2 23-37-72
Fax + 373 2 23-41-46
Email:
bisnis@mdl.net,
dodonuvi@chisinaub.us-state.gov,
bisnis@mdl.net,
cc: derek_nowek@ita.doc.gov; searsmj@chisinaub.us-state.gov