ORDER OF THE GOVERNMENT OF THE REPUBLIC OF MOLDOVA

of June 12, 2012 No. 401

About Fund of energy efficiency

According to part (1) article 20 of the Law No. 142 of July 2, 2010 on energy efficiency (The official monitor of the Republic of Moldova, 2010 No. 155-158, of the Art. 545) and part (3) article 16 of the Law No. 160-XVI of July 12, 2007 on renewable energy (The official monitor of the Republic of Moldova, 2007, No. 127-130, of the Art. 550), with subsequent changes, DECIDES: the Government

1. Approve Regulations on the organization and functioning of Fund of energy efficiency it (is applied).

2. Provide to the Ministry of Economy and Infrastructure creation of Administrative board of energy efficiency and take necessary actions for providing the beginning of activities of Fund.

3. To impose control of execution of this Resolution on the Ministry of Economy and Infrastructure.

Approved by the Order of the Government of June 12, 2012 No. 401

Regulations on the organization and functioning of Fund of energy efficiency

I. General provisions

1. The fund of energy efficiency (further - Fund) is created for the purpose of detection, assessment and financing of projects in the field of energy efficiency and development of the renewable energy resources promoting increase in energy efficiency and decrease in emissions of carbon dioxide.

2. The fund is effective according to the existing regulations, this Provision and domestic situations approved by Administrative board of Fund (further - Administrative fund).

3. The fund is the legal entity independent and autonomous from the financial point of view, having settlement accounts in bank institutions and seal with the name.

II. Purpose, principles of activities and task of Fund

4. Main goal of activities of Fund is attraction and management of financial resources for the purpose of financing and promotion of projects in the field of energy efficiency and development of renewable energy resources according to the strategy and programs developed by the Government.

5. The purpose of Fund is implemented by means of promotion and financing of the projects proved from the economic, technical points of view and also in the field of the environment which provide economy of energy consumption and decrease in emissions of carbon dioxide.

6. In the activities the Fund is guided by the following principles:

a) transparency in management of financial resources;

b) impartiality and equal chances for all applicants;

c) sustainable development in the field of power;

d) joint financing;

e) steady financing;

f) partnership and cooperation with private sector for joint financing of investment projects for the purpose of increase in energy efficiency and development of renewable energy resources.

7. The fund carries out the following tasks:

a) develops by means of the governing bodies number of criteria on selection, and also working procedures for the purpose of development of methods of identification, assessment, selection and financing of projects in the field of energy efficiency and development of renewable energy resources;

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