About the project:
The main purpose of this project was to improve the commercial stability of the company and facilitate project implementation, and the specific objectives were as follows:
- Provide support to the company for identification and implementation of corporate, financial and operational progress required for compliance with the relevant rules set out in the EBRD financial documentation. These have been achieved through the development and implementation of a Financial and Operational Performance Improvement Program (FOPIP);
- Assist the Company to develop and implement a medium to long term Corporate Development Plan and corporate planning process, so it may continue its transition towards a commercially viable entity;
- Analyse the impact of a new tariff methodology, envisaged in a new law on district heating in Moldova;
- Support the company in discussions with regulators to ensure that the new tariff methodology will adjust to the Company’s financial needs and meet the Bank’s requirements regarding the cost recovery principle;
- Support the Company and the Ministry of Economy to draft a Service Agreement regulating the relationship between the Company and its owner,
- Monitoring indicators of Company’s performance.