Extended under the Moldovan Residential Energy Efficiency Financing Facility (MoREEFF) and Moldovan Sustainable Energy Efficiency Financing Facility II (MoSEEFF II) the loans will provide long-term funding to industrial and residential clients.

The bank will also provide technical assistance funded by the European Union and Sweden to help Moldova-Agroindbank to build up its expertise and marketing strategies in financing energy efficiency investments.

Moldova currently employs outdated infrastructure, which account for high energy costs and energy losses.

Commenting on the funding EBRD Financial Institutions director Henry Russell remarked, "The EBRD’s credit lines will ease the burden of the immediate costs of energy saving investments, which in the long run will allow our clients to considerably decrease energy expenses thanks to efficiency gains."

 

 

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