Over €244 Million from EIB Global to Modernize Chisinau’s Heat Network and Build Cahul Regional Hospital in Moldova

Over €244 Million from EIB Global to Modernize Chisinau’s Heat Network and Build Cahul Regional Hospital in Moldova

(IN BRIEF) EIB Global is lending €143.5 million to Termoelectrica SA for a seven-year overhaul of Chisinau’s district heating network—horizontalizing pipelines, installing individual substations, and upgrading 1 665 apartment buildings—to cut energy use by 25% and emissions by 7%. A separate €101 million loan will build a new regional hospital in Cahul for 300 000 residents. Both initiatives support Moldova’s EU-alignment goals, reduce reliance on Russian energy, and are co-financed by EBRD, EU/E5P grants, and technical assistance from EPTATF, Swedfund, and the EIB’s EU for Ukraine programme. Energy Minister Dorin Junghietu and Health Minister Ala Nemerenco underscored the projects’ benefits for households and healthcare access, while EU Ambassador Jānis Mažeiks praised their role in improving Moldovan lives.

(PRESS RELEASE) LUXEMBOURG, 9-Jul-2025 — /EuropaWire/ — EIB Global, the European Investment Bank’s development arm, is extending two loans to Moldova totaling over €244 million, aimed at modernizing Chisinau’s district heating network and constructing a new hospital in Cahul. A €143.5 million credit will finance Termoelectrica SA’s upgrade of the capital’s heating infrastructure—replacing outdated vertical risers with horizontal pipelines, installing 2 510 individual substations, and refurbishing building distribution systems. These measures are expected to slash energy use by 25%, cut heating costs, and lower CO₂ emissions by 7% over the next 20 years.

Separately, a €101 million loan to the Ministry of Health will fund a regional hospital in Cahul, serving some 300 000 residents from Cahul and nearby cities—Comrat, Leova, Ceadîr-Lunga, Taraclia, Cantemir, and Vulcănești. Both projects incorporate co-financing: the district heating works also benefit from EBRD financing and EU/E5P grants, while the Cahul hospital receives technical support via EU, EPTATF, Swedfund, and the EIB’s EU for Ukraine Advisory Programme.

“These investments will elevate living standards across Moldova—from reliable heating in Chisinau to world-class healthcare in the south,” said EIB Vice-President Teresa Czerwińska. “By aligning with EU standards and reducing energy dependency on Russia, we reinforce Moldova’s path toward EU integration.”

Energy Minister Dorin Junghietu highlighted the district heating project’s impact: “Upgrading 1 665 buildings and empowering 300 000 households with individual thermal control is a strategic step for energy efficiency, lower bills, and environmental responsibility.” Health Minister Ala Nemerenco noted the significance of the Cahul hospital: “For the first time, two regional hospitals in Cahul and Bălți will be built to European standards, granting modern medical care to over 300 000 people and advancing equity in healthcare.”

EU Ambassador Jānis Mažeiks added: “These projects do more than upgrade infrastructure; they bring dignity, security, and opportunity to Moldovan families.”

The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment to contribute towards EU policy goals.

EIB Global is the EIB Group’s specialised arm devoted to increasing the impact of international partnerships and development finance, and a key partner in the Global Gateway. We aim to support €100 billion of investment by the end of 2027, around one-third of the overall target of this EU initiative. With Team Europe, EIB Global fosters strong, focused partnerships, alongside fellow development finance institutions and civil society. EIB Global brings the Group closer to local people, companies and institutions through our offices around the world.

EIB Global and Moldova: Since establishing its presence in Moldova in 2007, the EIB’s total investment in the country has reached about €1.75 billion across more than 30 projects. These investments support EU policy objectives in key sectors such as energy security and efficiency, transport, healthcare, agriculture, private sector growth, and forestry. As the European Union’s financing arm, the EIB continues to support Moldova’s development and path towards EU integration through strategic investments, including under the EU’s Growth Plan for Moldova.

Media contacts:

Olga Sushytska
o.sushytska@ext.eib.org
+380 443908018

Press Office
press@eib.org
+352 43791

SOURCE: European Investment Bank