In April 2024, the Moldovan National Agency for Energy Regulation (ANRE) granted to ERU Aurora, a subsidiary of ERU Europe, established in Moldova to carry out trading operations, a 25-year license for the supply of natural gas and a 10-year license for the supply of electricity.
According to the company, this is the next step in the ERU Group’s strategy with a focus on the markets in Central and Eastern Europe.
ERU received 400 million US dollars in political risk insurance from the US International Development Finance Corporation (DFC), which is supporting the diversification of Moldova’s energy supply by promoting access to alternatives to Russian natural gas.
Since 2014, ERU has been a group of companies with foreign investments specialising in the implementation of projects in the energy industry of Ukraine, then expanding in other countries in the region like Hungary, Slovakia and Poland.