Energoatom to supply electricity to Moldova from June 4

From June 4, 2022, Energoatom National Nuclear Energy Generating Company of Ukraine will supply electricity to the Republic of Moldova.

The relevant statement was made by the company’s press service on Telegram, an Ukrinform correspondent reports.

Ukraine’s largest electricity producer, Energoatom, signed an electricity export contract with Moldova’s Energocom. According to the contract, Energoatom is planning to supply 85.2 thousand megawatt-hours of electricity at the price of $77 per megawatt-hour to Moldova in June 2022.

Thanks to export volumes, Energoatom will have an additional source to finance its public service obligations related to the supply of electricity for household consumers.

According to Energoatom, the company has high potential to increase electricity production volumes. Thus, Energoatom’s electricity exports to Moldova, and later – to other neighboring EU countries, are an extremely promising area of trade.

Meanwhile, Moldova’s electricity consumption greatly depends on the electricity volumes generated by Kuchurgan Power Station, also known as Moldova State Regional Power Station, which is located in Transnistria. Ukraine’s electricity exports will enable Moldova to diversify electricity supplies and increase its energy security, Energoatom added.

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