Chisinau Municipality Representatives and Engineering Companies are trained in Energy Performance Contracting
30 July 2015

In the period of 28-30 July, 35 specialists from central and local public authority professionals as well as engineering company experts attended two trainings conducted by ESCO Moldova Project dealing with the implementation of Energy Performance Contracts. Energy Service Company (ESCO) is private business unit that provides integrated financial and technical solutions for achieving energy cost reductions (energy savings), and whose overall compensations are linked to the performance (Energy Performance Contract) of the implemented solutions.

The trainings contribute to capacity development issues of public institutions, especially of Chisinau City Hall, as well as of entrepreneurs, in terms of contracting energy services, Nicolae Zaharia, Manager of ESCO Moldova Project, told.

“I am confident that energy services would be widely used pretty soon, taking into account their multiple advantages for beneficiaries, such as mitigation of technical and financial risks. In their turn, the companies involved in this event acknowledge and understand the energy services comprehensiveness as only duly professional entities with good reputation and intention to be active on the market for a long time could become ESCO companies”, Nicolae Zaharia said.

A variety of Energy Performance Contracts (EPCs) has been presented during the workshops, including EPC financing models from third sources, savings sharing options between ESCO Companies and Beneficiaries, peculiarities of energy service public procurements, etc.

Kostas Konstantinou, Project International Expert, presented examples of successful implementation of EPCs in the EU Member States. One of such projects dealt with changing the street lighting and with the available options for service contracting – in such cases, following the change of luminaires, the electric power could be provided by ESCO Company or, further, by the common supplier. Also, the trainees considered options to include infrastructure upgrading works, such as adjacent power grids, in the energy services package and to consider their impact on investment payback period.

ESCO Moldova Project aims to achieve at least 68,000 tonnes of direct CO2 emission reductions from EPC supported projects and at least 240,000 tonnes of indirect CO2 emission reductions during the period of Project influence. Also, Chisinau City Hall will be granted support to improve the energy efficiency usage in Municipality buildings, particularly, in those from the institutional and multi-storey residential subsectors.

Within the ESCO Moldova Project timeframe, it is envisaged to implement 20 energy efficiency projects operated through EPCs, which should lead to establishing better conditions in residential and public sector buildings of Chisinau Municipality.

ESCO Moldova “Transforming the Market for Energy Efficiency” is a four-year project with a budget totalling $1,450,000 financed by the Global Environment Facility (GEF) and co-financed and implemented by United Nations Development Programme (UNDP) Moldova.

Contact Information

Nicolae Zaharia, Project Manager, UNDP Moldova,  phone nr.: (373 22) 901 270,

UN Partner Agencies