Эрчим хүч
$658 MILLION TPP-5 PROJECT FUNDED PRIMARILY BY PRIVATE SECTOR
As part of 24 major development projects to develop Ulaanbaatar, Thermal Power Plant No. 5 (TPP-5) is planned for construction in the 20th sub-district of Bayangol District. The plant will have an installed capacity of 340 Gcal for heating and 300 MW for electricity generation.
GREEN ENERGY SECTOR ATTRACTS $1 BILLION IN FINANCING
On January 21, Mongolia’s Deputy Prime Minister, Dorjkhand Togmid, and the First Vice President of the European Bank for Reconstruction and Development (EBRD), Jürgen Rigterink, signed a Memorandum of Understanding to collaborate on renewable energy investments.
TOUGH CHALLENGES AHEAD FOR COAL MINES AND POWER PLANTS
Thirty-four years after Mongolia transitioned to a market economy, the energy sector remains the only one yet to fully integrate into the market. It has long been a subject of public criticism that the sector operates at a loss and relies on government subsidies. However, the recent bold decision to raise energy prices to reflect real costs is being hailed as a 'historic' move.
ENERGY “POWER BANK”
Within the framework of Mongolia’s long-term development policy, “Vision-2050” and the Government’s “New Revival Policy”, the task of accelerating the revival of the energy sector is being successfully implemented.
