The World Bank has committed a $1.7 million grant to support the construction of a new cogeneration plant at Termoelectrica in Chișinău, Moldova.
The agreement was signed by Moldova’s Ministry of Energy and the International Bank for Reconstruction and Development (IBRD), marking a targeted investment in the country’s energy infrastructure.
1 billion in emergency financing for Bangladesh to stabilize its economy against fuel price volatility.
The funding is designated for the development of a new cogeneration facility, which aims to improve energy efficiency and reliability in the capital.
This project represents a focused effort to modernize Moldova’s thermal power assets, leveraging international development finance to upgrade critical utility infrastructure.
This development aligns with the World Bank’s broader strategy of supporting industrial and infrastructure decarbonization in emerging economies.
Recent initiatives include a $250 million climate fund approval for industrial decarbonization in Brazil and $1.1 billion in emergency financing for Bangladesh to stabilize its economy against fuel price volatility.