Moldelectrica to be transformed into a joint-stock company as Moldova aligns with the European energy market

The Government of Moldova has launched the process of reorganising Moldelectrica, the national transmission system operator, into a joint-stock company fully owned by the state. According to the Ministry of Energy, this strategic move aims to modernise the energy sector, strengthen corporate governance and harmonise the operator’s structure with EU requirements.

The reform is expected to deliver:

-       modern and efficient operational management;

-       a transparent, competitive and sustainable corporate governance model;

-       full compliance with European electricity market rules;

-       strengthened regional role of the transmission operator;

-       support for strategic interconnection projects with the EU.

The Ministry emphasises that the process will be carried out without affecting the stability of electricity supply and will follow principles of continuity, accountability and maximum transparency.

IDR Commentary

A key step toward an integrated Moldova–Ukraine–EU energy space. The transformation of Moldelectrica is not only an internal governance reform but also a development with strong regional implications.

Preparation for full ENTSO-E market integration. Following the 2022 emergency synchronisation of the Ukrainian and Moldovan grids with continental Europe, aligning governance and operational standards is crucial for deeper market integration.

Acceleration of regional interconnector projects. A modernised operator facilitates the development of major cross-border electricity links:

• Vulcănești–Chișinău,
• Bucharest–Chișinău,
• new Moldova–Romania and Ukraine–Moldova transmission corridors.

This enhances energy resilience in the Lower Danube region, including the ports of Izmail and Reni.

Harmonisation with EU market rules. Transforming Moldelectrica into a joint-stock structure aligns the operator with requirements from ACER and the European Commission, enabling:

-       participation in EU balancing and intraday markets,

-       attraction of infrastructure investments,

-       integration of renewable energy into regional systems.

Benefits for Ukraine. A stronger Moldovan operator contributes to:

-       diversified electricity exchange routes,

-       increased resilience of the regional power system,

-       synchronised infrastructure development in the Ukraine–Moldova–Romania triangle.