CHISINAU (Reuters) -The U.S. has approved a $130 million project to construct a high voltage transmission line to ensure a reliable electricity supply to Moldova from European markets, the U.S.
US approves $130 million project to build power line in Moldova
US Investment in Moldova's Energy Infrastructure
CHISINAU (Reuters) -The U.S. has approved a $130 million project to construct a high voltage transmission line to ensure a reliable electricity supply to Moldova from European markets, the U.S. embassy in Moldova said on Wednesday.
Impact on Moldova's Electricity Supply
Moldova depends on electricity produced in the separatist region of Transdniestria, which uses Russian gas for its production.
Opportunities for US Firms
After Ukraine refused to extend the contract for the transit of Russian gas to Europe, Transdniestria sharply reduced its energy production and only resumed it after alternative supplies from Europe began.
The embassy said the project would create significant opportunities for U.S. firms by enabling Moldova to adopt and utilize U.S. technologies.
"It will unlock potential across multiple sectors, including transmission infrastructure, grid optimization technologies, information and communication technologies, nuclear power, and battery storage," it said on Facebook.
(Reporting by Alexander TanasWriting by Pavel PolityukEditing by Frances Kerry)
