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               Brief history

 ENERGIA REGENERABILA PROMOVATA FISM

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Brief history

19 MAY 1997 - The Government took the decision nr. 468 regarding the establishment of Moldova Social Investment Fund

November 1997 - 31 July 1999 - pilot of the MSIF Project. This stage was mainly financed out of the grants offered by the Governments of USA, Sweden and Japan;

28 September - 10 October 1998 - The MSIF Project was positively evaluated by the World Bank Mission;

14-21 December 1998 - took place the negociations with the World Bank of the first IDA credit in the amount of US$ 15 mln;

17 March 1999 - was signed the first Credit Agreement to be managed by MSIF;

3 June 1999 - the MSIF Project was ratified;

29 July 1999 - the credit became effective;

August 1999 - November 2004 - Implementation of the MSIF 1 Project;

February 2004 - it was initiated the elaboration of a new Project - MSIF 2;

November 2004 - MSIF 1 Project was succesfully finished, according to the scheduled plan;

November 2004 - MSIF 2 Project was launched;

September 2009 – MSIF 2 Project was extended;

14 December 2010 – was signed the Financing Contract in the amount of EUR 2 mln., of which EUR 1,5 mln. represents the Grant offered by the European Union for implementation of demonstrative sub-projects for installation of new technologies based on usage of solar anergy and biomass;

15 December 2010 – was signed the Financing Agreement in the amount of EUR 5 mln., Grant offered by the Government of the Federal Republic of Germany (KfW);

 
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