Energocom
Moldovan state-owned energy supplier company
From Wikipedia, the free encyclopedia
Energocom is a state-owned company that is Moldova's central electricity supplier. It has had this status since 25 March 2018, when a government decision from 1 November 2017 came into force. As of 2020, the Moldovan government held 100% of the company's shares.[1] Energocom was created by a government decision on 30 December 2004. The company's main purpose is the supply of electricity, its import and export and the carrying out of electricity exchanges with external interconnection partners for the internal electricity balancing market, in order to avoid production–consumption imbalances.[2] Energocom also supplies gas.[3]
| Company type | State-owned enterprise |
|---|---|
| Founded | 30 December 2004 |
Area served | Moldova |
| Owner | Government of Moldova (100%) |
| Website | energocom |
Since December 2022, the entire gas demand of government-held Moldova (all of the country except Transnistria) has been met with gas transmitted by Energocom, ending gas supplies from Russia to the country.[4] As its revenues in 2023 were around 890 million euros, Energocom entered, for the first time, the top 100 largest companies in southeastern Europe, in last place; the ranking included at the time companies from Albania, Bosnia and Herzegovina, Bulgaria, Croatia, North Macedonia, Moldova, Montenegro, Romania, Serbia and Slovenia.[3]