China’s Metallurgical Corporation of China (MCC) International is interested in investing in renewable and infrastructure projects in Moldova.
Moldova’s Minister of Foreign Affairs and European Integration Tudor Ulianovschi said the state-owned engineering firm plans to start developing a solar park and national road projects between the end of 2018 to early 2019.
He did not elaborate on where the solar power plant is going to be located and how much the capacity the project is designed to have. By implementation, the project is expected to be among the first solar power projects to be launched in the landlocked country in Eastern Europe.
The Beijing-based company said in a separate statement that it hopes to get engaged in more road rehabilitation projects in Moldova adding that the Moldovan government has invited MCC to involve in the country’s infrastructure and renewable development under the trillion-dollar Belt and Road Initiative.
The solar industry is still at a nascent stage of development in the Moldova, where in May Italy’s Fly Ren Energy Group and Consulcesi Tech opened a 1MW solar project — already the country’s largest — in the central village of Bacioi.
The statement was made after the minister paid a working visit to China last week when he met with the management of MCC among other officials and spoke on the World Economic Forum, also called “Summer Davos” in northern Chinese city of Tianjin.
MCC, listed in Shanghai and Hong Kong, engages in construction of metallurgical facilities as well as other industrial projects. The company has stepped up its overseas expansion since last year, with a focus on the Eurasia, North Europe as well as Australia.