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Government Decree No. 401 validating the Regulation on Energy Efficiency Fund.

Country/Territory
Moldova, Republic of
Document type
Regulation
Date
2012 (2018)
Source
FAO, FAOLEX
Subject
Energy
Keyword
Special fund Financing Policy/planning Energy conservation/energy production Renewable energy
Geographical area
CIS (Commonwealth of Independent States), Eastern Europe, Europe, Europe and Central Asia, Landlocked Developing Nations
Abstract

This Government Decree establishes that Energy Efficiency Fund is established to identify, evaluate and finance projects in the field of energy efficiency and development of renewable energy sources that promote energy efficiency and reduce carbon dioxide emissions. The main objective of the Fund is to attract and manage financial resources to finance and promote projects in the field of energy efficiency and development of renewable energy sources in accordance with the strategies and programs developed by the Government. In its activities, the Fund is guided by the following principles: (a) transparency in the management of financial resources; (b) impartiality and equal chances for all applicants; (c) sustainable energy development; (d) co-financing; (e) sustainable financing; and (f) partnership and cooperation with the private sector to co-finance investment projects to improve energy efficiency and develop renewable energy sources. Financial resources of the Fund are formed by: (a) financial allocations from the state budget of at least 10 percent of the Fund's volume necessary to achieve the goals related to indicators of energy efficiency and use of renewable energy sources; (b) donations of individuals and legal entities from the Republic of Moldova or other countries, including financial institutions and international funds; (c) financial income generated from interest accrued on the current accounts or bank deposits of the Fund, as well as interest and commissions from financing contracts with the clients of the Fund; and (d) loans and other financial instruments of banks or investors engaged solely for the purposes of the Fund.

Full text
Russian
Website
lex.justice.md