Three new Romania- Moldova power lines to enhance trade
Date: October 11th 2024
Author: Montel
Category: En.vision
Topic:
Electricity
, Energy policy
, En.vision
The development of three physical power interconnections with Romania could ensure Moldova’s energy security while increasing cross-border flows, local traders told Montel.
On Thursday, the European Commission approved a EUR 1.8bn growth plan for Moldova that including funds for three 400kV power lines, linking it to Romania, one of which is already under construction.“The physical interconnections with Romania will connect Moldova with the [EU] energy system, resulting in rising cross-border flows and further integration [of Moldova] into the European energy market,” one trader said.
Strategic lines
The construction works on the first 400 kV power line (Vulcanesti-Chisinau) started in March and it should become operational in 2025.The power line will have a capacity of 500 MW, meaning it can provide about 50% of Moldova’s electricity consumption during the peak load period, traders said.
The second line (Straseni-Gutinas) should become operational by 2031, while the third (Balti-Suceava) line, with capacity of 300MW, is expected in 2027.
Two-thirds of Moldova’s electricity is currently generated by the 2.5 GW Kuchurgan gas-fired power plant based in the Transnistrian region and supplied by Russian gas imported via Ukraine.
Traders said that once Russian gas transit via Ukraine stops, Moldova will import much more power from Romania and the EU.
Delays on the completion of all three lines could be expected due to red tape or complications during construction, another Moldovan power trader warned.
However, these lines will guarantee Moldova’s energy security in the coming years,” he added.
Eyes on renewables
By 2030, Moldova aims to produce at least 30% of its electricity from renewable sources. The country recently unveiled an ambitious plan to boost its renewable energy production by offering a number of incentives to attract foreign investors.These include priority access to connection approvals for auction winners, long-term fixed-rate contracts for up to 15 years, and support mechanisms for renewables producers.