EBRD Plans USD 30 mln Loan to Moldovan Premier Energy

Banking

The European Bank for Reconstruction and Development said on Tuesday it plans to provide a USD 30 million loan to Moldovan electricity distribution system operator Premier Energy to finance its 2022-2025 investment program.

The company's investment program is focused on the modernization of the electricity distribution grid, the EBRD said in a project summary document.

The program aims to strengthen the network, increase energy efficiency, improve safety standards of the substations and modernize the telecommunication infrastructure. The loan is pending approval on October 19. Premier Energy is 93% owned by Czech private equity firm Emma Capital Limited.

The minority stake of 7% is held by Soterios Capital Partners. Premier Energy also operates in Moldova's neighbor Romania, serving over 115,000 customers as of December 2021.

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