Moldova Romania Power Interconnection Phase I

repaying

Provision of an up to EUR 80 million senior loan to the Republic of Moldova (“RoM”) to be on-lent to Moldelectrica IS (“Moldelectrica” or the “Company”), the 100% state-owned single power transmission system operator in Moldova for the construction, equipment and placing into operation of: (i) a back-to-back (B2B) High Voltage DC (HVDC) converter substation in Vulcanesti to allow the connection between the electricity systems of Romania and Moldova, namely the European Network of Transmission System Operators of Electricity (ENTSO-E) and the Integrated Power System/United Power System (IPS/UPS); (ii) a 400kV transmission line between Vulcanesti and Chisinau (to be financed by WB); iii) the extension of the substation in Chisinau in Moldova and (iv) the extension of the Vulcanesti 400kV substation (together, the “Project”). The project will assist Moldova in diversifying its supply of electricity and strengthening the domestic transmission network in order to allow for integration into ENTSO-E network in the long run. The transaction is part of an up to EUR 270 million financing package to be provided jointly with the European Investment Bank (“EIB”) (EUR 80 million), the World Bank (“WB”) (EUR 70 million) and the European Commission (“EC”) Neighbourhood Investment Facility (“NIF”) (EUR 40 million). There is a Project Summary Document available for this project. ESIA report ESMMP: English | Moldovan/Romanian LACF: English | Moldovan/Romanian NTS: English | Moldovan/Romanian | Russian SEP: English | Moldovan/Romanian | Russian Full ESIA documentation is available locally at: Chișinău Municipality Mun. Chișinău, sectorul Botanica, str. Teilor, 10 Ialoveni City Hall or. Ialoveni, str. Alexandru cel Bun, 45 Hîncești City Hall or. Hîncești, str. Mihalcea Hincu, 132 Cimișlia City Hall or. Cimișlia, str. Decebal, 9 Leova City Hall or. Leova, str. Unirii, 22 Comrat City Halls or. Comrat, str. Tretiakova, 36 Vulcănești City Hall or. Vulcănești, str. Lenina, 75 Taraclia City Hall or. Taraclia, str. Lenina, 138 Cahul City Hall or. Cahul str. Independenței, 6 And EBRD Chisinau Resident Office 10th floor, 63, Vlaicu Pircalab Street, Sky Tower building, Chisinau, MD-2012, Moldova Contact person: Octavian Costas; + 373 22210000 And Moldelectrica, office 78 V. Alecsandri str. Municipiul Chişinău Contact person: Octavian Ciobirca And Moldelectrica website: English | Moldova/Romanian | Russian Environmental or social enquiries: Ms. Nelly Melnicenco melnicenco@moldelectrica.md  +373 22 253396 MOLDELECTRICA – 78 V. Alecsandri str., Chişinău