Tsarizm
Central Europe News

Moldova Picks Ukraine Over Russia In New Energy Deal

Pavel Filip

Ukraine’s DTEK Trading, owned by Rinat Akhmetov, and Moldova’s state-owned intermediary, Energocom, signed a one-year contract, on April 1, for the supply of electricity to Moldovan distributors. Energocom/DTEK’s only competitor was the Kuchurgan Power Station, which is located in Transnistria and belongs to the Russian state-owned electricity giant, Inter RAO. According to Moldova’s Ministry of Economy, the winning bid offered to sell power at $50.20 per megawatt/hour (MWh), compared to Kuchurgan’s offer of $54.40 per MWh (MEC.gov.md, April 1). However, questions remain as to why DTEK had to go through the Moldovan intermediary and did not submit a bid directly. Moreover, there are concerns about DTEK’s capacity to cover Moldova’s energy needs in full (Exprt-Grup.org, March 31)…

To Read More Visit Oilprice.com

Related articles

Putin Left Speechless After Journo Hints At Revolution

Tsarizm Staff

Serbian President Pays Respects To Slain Serbian Leader In Kosovo

Kozeta Çika

Russia Senior General Implicated In Dutch MH17 Shoot Down

L Todd Wood