Energy In Moldova
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Energy In Moldova
Energy in Moldova describes energy and electricity production, consumption and import in Moldova. Moldova lacks domestic sources of fossil energy and must import substantial amounts of petroleum, coal, natural gas, and other energy resources. Primary energy supply in 2018 was about half natural gas, a quarter oil and solid biomass one-fifth. Renewable energy is used in the country, primarily for electricity generation or heating. The projected share of renewable energy in the gross final consumption of energy in 2020 is 20%. Overview Moldova imports all of its supplies of petroleum, coal, and natural gas, largely from Russia. Moldova was an observer to the treaty establishing the Energy Community from the outset (2006). Following its interest in full membership, the European Commission was mandated to carry out accession negotiations with Moldova in 2007. In December 2009, the Energy Community Ministerial Council decided on the accession, but made it conditional to amendment ...
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European Union
The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been described as a '' sui generis'' political entity (without precedent or comparison) combining the characteristics of both a federation and a confederation. Containing 5.8per cent of the world population in 2020, the EU generated a nominal gross domestic product (GDP) of around trillion in 2021, constituting approximately 18per cent of global nominal GDP. Additionally, all EU states but Bulgaria have a very high Human Development Index according to the United Nations Development Programme. Its cornerstone, the Customs Union, paved the way to establishing an internal single market based on standardised legal framework and legislation that applies in all member states in those matters, and only those matters, where the states have agreed to act ...
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Chișinău
Chișinău ( , , ), also known as Kishinev (russian: Кишинёв, r=Kishinjóv ), is the Capital city, capital and largest city of the Republic of Moldova. The city is Moldova's main industrial and commercial center, and is located in the middle of the country, on the river Bîc River, Bâc, a tributary of the Dniester. According to the results of the 2014 Moldovan census, 2014 census, the city proper had a population of 532,513, while the population of the Municipality of Chișinău (which includes the city itself and other nearby communities) was 700,000. Chișinău is the most economically prosperous locality in Moldova and its largest transportation hub. Nearly a third of Moldova's population lives in the metro area. Etymology The origin of the city's name is unclear. A theory suggests that the name may come from the archaism, archaic Romanian word ''chișla'' (meaning "spring", "source of water") and ''nouă'' ("new"), because it was built around a small spring, at the ...
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Cuciurgan Power Station
The Cuciurgan power station ( ro, Termocentrala de la Cuciurgan, russian: Молдавская ГРЭС, translit=Moldavskaya GRES) is the largest power station of Moldova, located in Dnestrovsc, Transnistria, on the shores of the Cuciurgan Reservoir bordering Ukraine. It was commissioned on 26 September 1964 and produces about 83% of Moldova's electricity. Technical features The power stations has installed capacity of 2,520 MW. It is fueled by natural gas, fuel oil and coal. The plant produces some 75% of Moldova's electricity needs. In November 2008, Inter RAO UES and Moldelectrica signed an agreement to separate some power units in the power station from the IPS/UPS system and synchronize them with the synchronous grid of Continental Europe in Romania through the 400 kV Kuchurhan–Vulcănești and Vulcănești–Isaccea transmission lines. Operation The power station is operated by Moldavskaya GRES, a subsidiary of Inter RAO UES. It is the largest power company ...
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Investment
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (profit) or a loss realized from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income. The return may also include currency gains or losses due to changes in the foreign currency exchange rates. Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is also generally low. Similarly, high risk comes with a chance of high losses. Investors, particularly novices, are often advised to diversify their portfolio. Diversification has the statistical effec ...
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Sustainable Energy
Energy is sustainable if it "meets the needs of the present without compromising the ability of future generations to meet their own needs". Most definitions of sustainable energy include considerations of environmental aspects such as greenhouse gas emissions and social and economic aspects such as energy poverty. Renewable energy sources such as wind, hydroelectric power, solar, and geothermal energy are generally far more sustainable than fossil fuel sources. However, some renewable energy projects, such as the clearing of forests to produce biofuels, can cause severe environmental damage. The role of non-renewable energy sources in sustainable energy has been controversial. Nuclear power is a low-carbon source whose historic mortality rates are comparable to wind and solar, but its sustainability has been debated because of concerns about radioactive waste, nuclear proliferation, and accidents. Switching from coal to natural gas has environmental benefits, including a ...
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Energy Market
Energy markets are national and international regulated markets that deal specifically with the trade and supply of energy. Energy market may refer to an electricity market, but can also refer to other sources of energy. Typically energy development is the result of a government creating an energy policy that encourages the development of an energy industry in a competitive manner. Until the 1970s when energy markets underwent dramatic changes, they were characterised by monopoly-based organisational structures. Most of the world's petroleum reserves were controlled by the Seven Sisters. Circumstances changed considerably in 1973 as the influence of OPEC grew and the repercussions of the 1973 oil crisis affected global energy markets. Liberalization and regulation Energy markets have been liberalized in some countries; they are regulated by national and international authorities (including liberalized markets) to protect consumer rights and avoid oligopolies. Regulators i ...
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Technological Convergence
Technological convergence is the tendency for technologies that were originally unrelated to become more closely integrated and even unified as they develop and advance. For example, watches, telephones, television, computers, and social media platforms began as separate and mostly unrelated technologies, but have converged in many ways into an interrelated telecommunication, media, and technology industry. Definitions "Convergence is a deep integration of knowledge, tools, and all relevant activities of human activity for a common goal, to allow society to answer new questions to change the respective physical or social ecosystem. Such changes in the respective ecosystem open new trends, pathways, and opportunities in the following divergent phase of the process" (Roco 2002, Bainbridge and Roco 2016). Siddhartha Menon defines convergence as integration and digitalization. Integration, here, is defined as "a process of transformation measure by the degree to which diverse media ...
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Energy Security
Energy security is the association between national security and the availability of natural resources for energy consumption. Access to (relatively) cheap energy has become essential to the functioning of modern economies. However, the uneven distribution of energy supplies among countries has led to significant vulnerabilities. International energy relations have contributed to the globalization of the world leading to energy security and energy vulnerability at the same time. Renewable resources exist worldwide across every biome except the North and South Poles (only nuclear (and wind in the winter) is feasible), in contrast to fossil fuels, which are concentrated in a limited number of countries. Nations don't switch from unpredictable fossil fuels to renewables overnight. It is a long, continuous process. Rapid deployment of renewable energy, increased energy efficiency, and diversification of energy sources, energy stores, and types of energy machines can use all ...
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INOGATE
INOGATE was an international energy co-operation programme between the European Union (EU), the littoral states of the Black and Caspian seas and their neighbouring countries. The programme was operational from 1996 to 2016. INOGATE was one of the longest running energy technical assistance programmes funded by the EU. Up to 2006, it was funded by the Tacis Regional Cooperation Programme, and as of 2007, it was funded by the European Neighbourhood and Partnership Instrument (ENPI) under the ENPI-East Regional Indicative Programme 2007–2010 and 2010–2013. EuropeAid supported the programme through the ENPI and the Development Cooperation Instrument. The coordinating INOGATE Technical Secretariat was discontinued in April 2016. Origins INOGATE originated in 1995 as an EU support mechanism dealing with INterstate Oil and GAs Transportation to Europe (whence it derived its name as an acronym). It was particularly concerned initially with oil and gas pipelines running from and th ...
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Energy Community
The Energy Community, commonly referred to as the Energy Community of South East Europe (ECSEE), is an international organization consisting of the European Union (EU) and a number of non-EU countries. It aims to extend the EU internal energy market to wider Southeast Europe. The members commit to implement relevant EU energy ''acquis communautaire'', to develop an adequate regulatory framework and to liberalize their energy markets in line with the ''acquis'' under the founding Treaty. Aim The Energy Community aims at establishing a Pan-European energy market by extending the energy '' acquis'' of the European Union to the territories of Southeast and Eastern Europe. The Energy Community legal framework covers legislation in the fields of energy, environment, and competition of the EU legislation. After entry into force, the treaty ''acquis'' has been extended on several occasions. It now also includes legislation in relation to security of supply, energy efficiency, oil, ren ...
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