Energocom intends to register on other regional exchanges in the coming years and begin trading in energy products.
This is provided for by the concept of a new development strategy for the company, which was discussed in the presence of members of its Administrative Council, representatives of the Public Property Agency (majority shareholder), the Ministry of Energy, a government representative, as well as with the participation of experts from the US Agency for International Development (USAID Moldova) projects “Activities for energy security of Moldova" - MESA and "Connect for Growth" - C4G. As noted, within 2-3 years Energocom must strengthen its institutional capacity, use the experience gained in recent years, and register on other exchanges in the region in order to begin trading in energy products. The head of Energocom, Victor Binzari, expressed hope that in the near future the company will become independent, albeit with 100 percent state capital, but not dependent on subsidies and assistance; with a team capable of ensuring the country’s energy security in the event of market failures; with specialists ready to work with international analytical and trading platforms. “In 2-3 years we need to reach industry norms and standards for an energy trader in this part of Europe. We have a team of professionals, but we still need to invest in the development of new and existing positions, such as those responsible for risks, compliance, technological audit, internal management control,” added Victor Binzari. The concept of the strategy was developed on the initiative of Energocom management with the support of external experts from the Connect for Growth C4G project. The development strategy must be approved by the company's Board. // 05.12.2023 — InfoMarket
