DEPUTY PRIME MINISTER T. DORJKHAND SECURES USD 2.0 BILLION IN CLEAN ENERGY INVESTMENT

In a major step toward energy sector reform, the Government of Mongolia has launched a bold initiative to expand the country's renewable energy capacity. During a recent investment forum in New York, Prime Minister T. Dorjkhand secured USD 2.0 billion in foreign investment to accelerate Mongolia’s transition to clean energy.

The National Energy Reform Committee of Mongolia signed a memorandum of understanding (MoU) with UPC Renewables, a global leader in renewable energy development. The MoU outlines plans to implement a 2,400-megawatt wind power project in Dundgobi Province.

The project aims to harness Mongolia’s renewable energy resources, export clean electricity to regional markets—including China—and significantly reduce national carbon emissions.

Speaking at the forum, Deputy Prime Minister and Chairman of the National Energy Reform Committee, T. Dorjkhand, stated, “Mongolia is taking a historic step toward fully realizing its vast renewable energy potential. Our goal is to increase clean energy exports, contribute to the region’s green development, and unlock new economic opportunities.”

Andrew John Sutherland, CEO of UPC Renewables Asia Pacific, remarked, “This partnership will enable the efficient use of Dundgobi’s world-class wind resources to export clean energy to China, while also providing a reliable, competitively priced electricity supply that strengthens Mongolia’s power system.”

The project also includes plans to establish a training center aimed at supporting the local workforce, focusing on domestic manufacturing of renewable energy components and the development of technical skills.