According to the Bank's webiste, the project provides funding to Premier Energy to finance the Company's 2022-2025 investment programme focussed on the modernisation and upgrade of the electricity distribution grid, increasing energy efficiency, improving safety standards of the substations and modernising the telecommunication infrastructure.
Premier Energy is 93% owned by Czech private equity firm Emma Capital Limited, a private limited liability company incorporated in Cyprus and ultimately controlled by a number of Czech individuals that has investments in energy, consumer finance and gaming. The minority stake (7%) is held by Soterios Capital Partners, wholly owned by the family of founder Boris Salas.
Premier Energy is the largest and solely privately owned electricity distribution system operator in Moldova, maintaining and operating the distribution grid in the central and southern parts of the country including Chisinau with a total length of 35,642 km and providing connections to more than 820,000 consumers, resulting in domestic market share of c.70%. Premier Energy operates in a regulated market environment overseen by the National Energy Regulatory Agency (ANRE) under a revenue-cap model that compensates it for operating and maintenance costs and a regulated rate of return on the regulatory asset base.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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PROJECT CONTACT INFORMATION
Jose Luis Gomez Pascual
+ 373 68 88 84 60
ICS Premier Energy Distribution S.A., 4 Andrei Doga Street, Chisinau, Republic of Moldova
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