ANRE approved the Action Plan on ensuring the independence of the transmission system operator (TSO) of natural gas Moldovatransgaz

ANRE approved the Action Plan on ensuring the independence of the transmission system operator (TSO) of natural gas Moldovatransgaz

The Administration Council of the National Agency for Energy Regulation (ANRE) has approved the Action Plan on ensuring the independence of the transmission system operator (TSO) Moldovatransgaz, which is the result of joint efforts of the members Working Group that includes the representatives of ANRE, Energy Community Secretariat (ECS), Ministry of Economy and Infrastructure of the Republic of Moldova, Moldovagaz, Gazprom and Moldovatransgaz.

 

During 2019, the Working Group carried out the following actions to draft the Separation Plan of the TSO:

- select the independent transmission operator (ITO) model;

- draft the separation plan model and adapt this model to Moldovagaz and Moldovatransgaz corporate specifics;

The Action Plan approved by the Administration Council of ANRE determines the implementation process of the separation process in 12 stages, which includes 23 basic actions and 61 additional actions scheduled to be completed by 01.10.2020.

 

The main actions/measures relate to:

1. A horizontal organization/structuring of the gas supply and transport companies;
2. Drafting an independent contractual basis for the supply and transmission of natural gas;
3. Attributing the assets with property rights to Moldovatransgaz;
4. Ensuring the independence of Moldovatransgaz management and staff;
5. Offering Moldovatransgaz the necessary financial resources for the natural gas transmission activity;
6. Creating a separate corporate identity for Moldovatransgaz
7. Offering Moldovatransgaz the right to make decisions, independent of Moldovagaz with regards to necessary assets for the use, maintenance, modernization and development of natural gas transmission networks, as well as the right to access financing on capital markets, through loans and capital contributions;
8. Creating a supervisory body within the TSO responsible for the decisions that have a major impact on the value of the assets of the shareholders within the company, in particular the decisions regarding the approval of the annual and long-term financial plans, the level of company’s debt and the size of the dividends distributed to shareholders .

 

Following the implementation of the approved Separation Plan, Moldovatransgaz will meet the requirements regarding the separation and independence of the TSO, according to Directive 2009/73/EC of the European Parliament and of the Council of 13 July 2009 concerning common rules for the internal market in natural gas and repealing Directive 2003/55/EC, transposed by Law 108/2016 on natural gas.