KIEV, June 29 – Ukrenergo CEO Vsevolod Kovalchuk has signed an agreement on conditions of the future merger of the power grids of Ukraine and Moldova with the energy system of continental Europe, the state-owned Ukrainian company reported.

The agreement was signed in Brussels on June 28 during the Assembly of the European Network of Transmission System Operators (ENTSO-E), it said.

In keeping with the procedure, it also should be signed by Moldelectrica and all member transmission system operators, which are part of ENTSO-E's regional group "Continental Europe."