Expert: refusal of electricity from Ukraine will positively affect Moldova

CHISINAU, 11 Oct – PRIME. The rejection of Ukrainian electricity in favor of the one produced by the Moldavskaya GRES will have a positive impact on the economy of Moldova, says Doctor of Economics Mikhail Poisik.

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1 Moldova switched to full self-sufficiency in electricity

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Moldova switched to full self-sufficiency in electricity

Ukraine’s Energy Ministry said on Monday that the country was halting electricity exports from October 11 due to rocket attacks. By October 15, Moldova planned to purchase 33% of the required electricity from the Ukrainian companies Energoatom and Ukrhydroenergo. Deputy Prime Minister of Moldova Andrei Spinu said that Chisinau had agreed with Tiraspol to increase the volume of energy production at the Moldavskaya GRES.

“This situation will have a positive impact on the Moldovan economy, because we buy electricity from Ukraine a third more expensive than that produced by the Moldavskaya GRES. If there is no Ukrainian electricity, then the tariff for consumers will decrease by at least 10%,” Poisik said in a commentary to RIA Novosti .

According to him, today Moldavskaya GRES produces the cheapest electricity in the region, while its production capacity is used by less than 20%. At the same time, the enterprise has the most highly efficient technologies, so there is no need to worry that the station will not be able to cope with production.

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“I think that Russia has exceptional relations with Transnistria, so Gazprom can provide an additional amount of gas, including to support Tiraspol. If Russia compensates Moldova for the missing volume of gas, then we will only benefit from this,” the expert notes.

CJSC Moldavskaya GRES operates on the territory of Transnistria, since 2005 it has been part of Inter RAO and covers up to 80% of Moldova’s electricity needs. GRES operates exclusively on natural gas.