1 MONETARY POLICY RATE MAINTAINED WWW.MONTSAME.MN PUBLISHED:2025/09/18      2 BUURULJUUT POWER PLANT’S SECOND UNIT SET FOR DECEMBER 2025 COMMISSIONING WWW.MONTSAME.MN PUBLISHED:2025/09/18      3 CAPITAL MARKETS MONGOLIA ANNOUNCES MONGOLIA INVESTMENT FORUM: LONDON 2025 AT THE LONDON STOCK EXCHANGE WWW.NEWSFILECORP.COM PUBLISHED:2025/09/18      4 REMARKS OF AMBASSADOR RICHARD L. BUANGAN AT THE UNMISS SENDOFF CEREMONY FOR MONGOLIAN PEACEKEEPERS TO SOUTH SUDAN WWW.MN.USEMBASSY.GOV  PUBLISHED:2025/09/18      5 DEMARCUS COUSINS TO PLAY AGAIN IN THE MONGOLIAN LEAGUE WWW.MONTSAME.MN PUBLISHED:2025/09/18      6 INNER MONGOLIA HALTS 15 COAL MINES OVER CAPACITY BREACHES WWW.MINING-TECHNOLOGY.COM  PUBLISHED:2025/09/18      7 OLDEST KNOWN PACHYCEPHALOSAUR FOSSIL DISCOVERED IN MONGOLIA WWW.YAHOO.COM PUBLISHED:2025/09/18      8 14TH MBD MISSION FOR MBCC'S "DOING BUSINESS WITH MONGOLIA SEMINAR & CHRISTMAS RECEPTION" AND BUSINESS PROGRAM DEC 08- 14. 2025 LONDON, UK WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2025/09/16      9 IMF WRAPS UP 2025 ARTICLE IV TALKS WITH MONGOLIA WWW.IMF.ORG PUBLISHED:2025/09/16      10 POSCO INTERNATIONAL TO LAUNCH WASTEWATER HEAT DISTRICT HEATING PROJECT IN MONGOLIA WWW.CM.ASIAE.CO.KR  PUBLISHED:2025/09/16      Г.ЗАНДАНШАТАР: 1.2 ТЭРБУМ АМ.ДОЛЛАРЫГ ГАДААДАД 3 ХУВИЙН ХҮҮТЭЙ ХАДГАЛУУЛЖ БАЙНА WWW.GOGO.MN НИЙТЭЛСЭН:2025/09/18     З.ЦОГТГЭРЭЛ: БАГШ НАРЫН ЦАЛИНГ 3.5 САЯ ТӨГРӨГ БОЛГОХЫГ ШААРДАЖ ОРОН ДАЯАР ЖАГСАНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/09/18     МОНГОЛ, САУДЫН АРАБЫН ХООРОНД ШУУД НИСЛЭГ ҮЙЛДЭХ НӨХЦӨЛ БҮРДЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/09/18     ЗӨӨВЧ-ОВОО ТӨСЛИЙН АВТО ЗАМЫН БҮТЭЭН БАЙГУУЛАЛТ ЭХЭЛЛЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/09/18     БАГАНУУРЫН БАТАРЕЙ ХУРИМТЛУУРЫН СТАНЦ ТӨВИЙН СИСТЕМД 48.7 САЯ КВТ.ЦАГ ЭРЧИМ ХҮЧ НИЙЛҮҮЛЭЭД БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/09/18     А.АМАРТҮВШИН: 2026 ОНД 50 МЯНГАН ӨРХ, 2027 ОНД 65 МЯНГАН ӨРХИЙГ ХИЙН ТҮЛШНИЙ ХЭРЭГЛЭЭНД ШИЛЖҮҮЛНЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/09/18     ХАН-УУЛ ДҮҮРГИЙН 8 ДУГААР ХОРООНД ГЭР ХОРООЛЛЫН ДАХИН ТӨЛӨВЛӨЛТИЙН ТӨСӨЛ ХЭРЭГЖҮҮЛЭГЧЭЭР “МД ТОП” ХХК-ИЙН ШҮНШИГ ГЭГЭЭН ТӨСӨЛ ШАЛГАРЛАА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/09/18     14 ДЭХЬ УДААГИЙН MBCCI’S “ DOING BUSINESS WITH MONGOLIA SEMINAR & CHRISTMAS RECEPTION” B2B NETWORKING БОЛОН БИЗНЕС ХӨТӨЛБӨР 2025 ОНЫ 12 САРЫН 08 -13 ЛОНДОН ХОТ, ИХ БРИТАНИ WWW.MONGOLIANBUSINESSDATABASE.COM НИЙТЭЛСЭН:2025/09/16     ЭДИЙН ЗАСГИЙН ТӨРӨЛЖИЛТИЙН ИНДЕКСЭЭР МОНГОЛ УЛС 145 ОРНООС 139-Д БИЧИГДЖЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2025/09/16     ӨНӨӨДӨР: “СЭЛБЭ 20 МИНУТЫН ХОТ”-ЫН ДАРААГИЙН ЭЭЛЖИЙН ОРОН СУУЦНЫ ТӨСЛИЙН БҮТЭЭН БАЙГУУЛАЛТЫГ ЭХЛҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/09/16    

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

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Monetary Policy Rate Maintained www.montsame.mn

The Monetary Policy Committee of the Bank of Mongolia, at its meeting convened on September 15-16, resolved to maintain the policy rate at 12 percent. The decision was adopted in consideration of the prevailing economic, banking, and financial market conditions, as well as external and domestic developments and associated risks.
The resolution is aligned to stabilise inflation at the target level in the medium term and reinforce the resilience of the economy and the financial system. The Committee emphasised that subsequent monetary policy measures will be determined and implemented in accordance with changes in external and internal economic conditions, the trajectory of inflation, and the overall economic outlook.
As of August 2025, annual inflation stood at 8.8 percent nationwide and 9.8 percent in Ulaanbaatar. While inflation has gradually moderated since February due to the phased tightening of monetary and financial policy, August witnessed relative increases in the prices of meat, vegetables, and flour, thereby contributing to a renewed rise in food inflation.
Inflation is projected to ease gradually and fall within the target range in 2026. Nevertheless, Governor of the Bank of Mongolia B. Lkhagvasuren cautioned that government projects and their financing, export revenues, exchange rate fluctuations, supply constraints, and weather-related changes in food prices may continue to exert upward pressure on inflation.
In the first half of 2025, the economy expanded by 5.6 percent, with the agricultural sector serving as the principal driver of growth. In the latter half of the year, economic expansion is expected to be supported by increased production of copper concentrate and the commencement of new development projects.

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Buuruljuut Power Plant’s Second Unit Set for December 2025 Commissioning www.montsame.mn

As Ulaanbaatar continues to account for over 60 percent of the country’s total energy consumption, efforts to support its energy infrastructure have made significant progress. In response to a projected 200 Megawatt (MW) capacity deficit for the winter of 2024-2025, the city successfully addressed the shortfall by commissioning the Buuruljuut power plant.
The 150 MW Buuruljuut facility, located in Bayanjargalan soum of Tuv aimag – approximately 120 kilometers southeast of Ulaanbaatar – was officially commissioned in October 2024 and connected to the central regional power grid in December 2024. The plant is part of a larger project to build a 600 MW power station in four units, based on the Buuruljuut brown coal deposit in the same region.
Unit I of the 150 MW plant has maintained an average daily load of 140 MW and delivered over 600 million kilowatt-hours (kWh) of electricity to the grid as of September 2025.
This development was made possible through a domestic market transaction, in which the capital city traded MNT 500 billion, allocating MNT 300 billion specifically for the Buuruljuut project. The investment marked a historic first for Ulaanbaatar in terms of domestic energy financing.
Officials have confirmed that the construction of Unit II, another 150 MW installation at the Buuruljuut site, is proceeding on schedule and is expected to be completed by December 5, 2025.

 

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Capital Markets Mongolia Announces Mongolia Investment Forum: London 2025 at the London Stock Exchange www.newsfilecorp.com

Capital Markets Mongolia (CMM) today announced the Mongolia Investment Forum: London 2025, to be held on 22 October 2025 at the London Stock Exchange. The event marks a significant milestone in Mongolia's growing integration into global capital markets and follows the landmark listing of Invescore Financial Group on the London Stock Exchange earlier this year.
Mongolia Investment Forum: London 2025 will bring together leading Mongolian businesses, policymakers, international investors, and capital markets professionals to explore opportunities in equity investing, cross-border listings, impact investment, and fintech. The forum is hosted in partnership with the London Stock Exchange as the event's global partner and venue. Golomt Bank joins as the main sponsor, with ICFG Limited, a London Stock Exchange-listed firm, and StoneX Group, a Fortune 100 financial services company, also serving as sponsors.
The program will feature keynote addresses by senior government officials, including the Dorjkhand.T, Deputy Prime Minister of Mongolia and Fiona Blyth, the British Ambassador to Mongolia, alongside executives of Mongolia's leading companies. Global investors are invited to gain first-hand insight into Mongolia's market potential through in-depth panel discussions, company presentations, and private investor meetings.
"Mongolia's capital markets are experiencing a historic transformation, and this forum in London is a unique opportunity to connect Mongolia's financial institutions and enterprises with global investors," said Zolbayar Enkhbaatar, Founder & CEO of Capital Markets Mongolia. "We are proud to host this event at the London Stock Exchange and highlight the country's growing role in global capital flows."
About Capital Markets Mongolia
Capital Markets Mongolia is a leading advisory and research firm dedicated to advancing Mongolia's financial sector and capital markets ecosystem. Through high-level forums, investor outreach, and policy research, CMM works to connect international investors with Mongolian companies, institutions, and opportunities.
About Mongolia
Mongolia is one of the fastest-growing economies globally, with GDP growth projected at approximately 5.7% in 2025, supported by a recovery in agriculture and stable copper exports despite a decline in coal price. Fitch Ratings recently affirmed Mongolia's Long-Term Foreign-Currency Issuer Default Rating of 'B+' with a Stable Outlook, pointing to prudent fiscal management and resilient growth.
Visit www.capitalmarkets.mn/events/london-2025 for more information and registration.

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Remarks of Ambassador Richard L. Buangan at the UNMISS Sendoff Ceremony for Mongolian Peacekeepers to South Sudan www.mn.usembassy.gov

Remarks of Ambassador Richard L. Buangan at the UNMISS Sendoff Ceremony for Mongolian Peacekeepers to South Sudan
September 17, 2025 As delivered
Brigadier General Usukhbayar, distinguished guests,
Good afternoon,
I am honored to be here today with you all, Officers, Soldiers and Family Members, of the 15th Mongolian Battalion as you begin your deployment in support of UN peacekeeping operations in South Sudan.
Over the last two decades, Mongolia has established itself as a leader in supporting global peacekeeping operations. In Iraq, Afghanistan, and throughout Africa, Mongolia’s peacekeepers have upheld international law, protected human rights, and maintained global stability,
Throughout history, Mongolia’s men and women in uniform have never wavered in the face of danger. The mission before you will require the same level of courage, tenacity, skill, leadership, and compassion that those who have served before you have demonstrated in the past.
This deployment will be challenging, but we know that you have trained hard and are prepared for this mission. You should be proud that Mongolian PKO troops are currently making a difference for the people in South Sudan. Just earlier this year, displaced civilians received refuge at a Mongolian Battalion base, reinforcing the important role of Mongolian peacekeepers and underscoring the trust they earned from the civilian population.
Escalating hostilities have stalled the reconciliation process. As peacekeepers, you have been charged with a critical role in stopping the violence to allow the implementation of a peace deal for the people of South Sudan.
On behalf of the United States, I thank each of you and your families for your sacrifice and willingness to defend those who cannot defend themselves, and to move one step closer to global peace.
May God be with you in your journey. We pray for your safety and your success in bringing peace to this troubled region of the world. We are very, very much proud of you. Thank you all for your service.

 

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DeMarcus Cousins to Play Again in the Mongolian League www.montsame.mn

DeMarcus Cousins, a member of the NBA All-Rookie First Team, four-time NBA All-star (2015-2018), FIBA World Cup, and the Rio 2016 Olympics Champion, announced on social media that he will once again play in Mongolia.
He will rejoin the “Selenge Bodons” and compete for the championship title. Last season, the team fell short of winning the league, and Cousins had previously expressed his intention to return, a promise that has now been fulfilled.
Upon departing, Cousins remarked: “To the loyal basketball fans of Mongolia, and especially to the supporters of the ‘Selenge Bodons.’ I would like to express my deepest gratitude. Although my time in Mongolia was brief, it left me with unforgettable memories. I came here to play the sport I love, but I also discovered a land filled with passionate people, a unique culture, and breathtaking landscapes. I have truly fallen in love with Mongolia, its people, its culture, and its spirit. Your love and support gave me great strength, and I will never forget the warmth with which you welcomed me as one of your own.
Representing the Bodons has been an honor for me. Every time I was on the court, I felt the energy, pride, encouragement, and love from the fans. These emotions will stay with me forever. I am also deeply thankful to my coach and teammates. I will not say goodbye, but rather ‘see you again.’ Mongolia will always be in my heart, and I will continue to speak proudly about this country and the league you have built here.
DeMarcus Cousins will play in the playoffs of the Mongolian Basketball Association National Premier League as a member of the “Selenge Bodons.”

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Inner Mongolia halts 15 coal mines over capacity breaches www.mining-technology.com

Inner Mongolia, a major coal-producing region in China, has directed 15 coal mines to cease operations after exceeding their approved output limits, reported Reuters. 
The decision follows an inspection initiated by the Inner Mongolia Autonomous Region Energy Bureau aimed at addressing overcapacity issues in the sector. 
The move aligns with Beijing’s efforts to manage production capacity and limit excess production in the industry. 
A document from the Inner Mongolia Energy Bureau, confirmed by Reuters, revealed that 15 mines in Ordos had exceeded their authorised capacity by more than 10% in the first half of 2025 (H1 2025). 
The affected mines are instructed to halt production and can only resume after passing safety inspections conducted by regional regulators. 
However, the document did not specify when these inspections would occur, said the Reuters report. 
In July, China began a series of inspections in key coal-producing areas, instructing local authorities to report on any mines surpassing their production limits for 2024 and H1 2025. 
A document stated to be from China’s National Energy Administration (NEA) called for inspections in eight provinces to verify if coal mines were exceeding their licensed production capacities. 
The NEA is a part of the National Development and Reform Commission, which finalised regulations to establish a coal production reserve system by 2027. 
The move led to a rise in market speculation and a surge in coking coal prices. 
The most active coal contract on the Dalian Commodity Exchange increased nearly 8% to 1,048.5 yuan ($146.19) per tonne, its highest level since March.

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Oldest Known Pachycephalosaur Fossil Discovered in Mongolia www.yahoo.com

Anyone who has ever flipped open a dinosaur book is likely familiar with pachycephalosaurs. These dome-headed dinos are often depicted ramming the tops of their bowling-ball-like skulls into predators or rivals.
Yet despite their popularity, pachycephalosaurs continue to puzzle paleontologists in part because fossils of these bipedal herbivores are rare, says Lindsay Zanno, a paleontologist at North Carolina State University. “The exception is their cranial domes, which were practically indestructible and are usually all we find of these critters,” she says. Almost all of these skull caps date back to the Late Cretaceous, when pachycephalosaurs were already established across the Northern Hemisphere, obscuring the group’s early evolution.
A pachycephalosaur skeleton that was recently discovered in Mongolia is poised to finally fill in the missing chapter of this dinosaur clade’s early history. The remarkably complete fossil, which Zanno and her colleagues described on Wednesday in the journal Nature, represents a new species that is the oldest known dome-headed dinosaurs.
The fossil was unearthed in 2019 in Mongolia’s Gobi Desert, a famed hotbed for dinosaur fossils. While surveying a hillside, Mongolian paleontologist Tsogtbaatar Chinzorig of North Carolina State University and a co-author of the new paper, discovered the top of a dinosaur’s noggin sticking out of a cliff.
The fossil was embedded inside rocks that date to between 115 million and 108 million years ago, in the Early Cretaceous period, when the area was covered by a lush river valley. The team deposited the remarkable find at the Mongolian Academy of Sciences’ Institute of Paleontology, where Tsogtbaatar is also affiliated.
As the researchers chipped away at the surrounding rock, they quickly realized that the new specimen represented the most complete pachycephalosaur fossil ever discovered. In addition to the rounded skull, the skeleton contains the first record of a pachycephalosaur hand and a complete tail covered with petrified tendons. It even preserves gastroliths—gizzard stones that the animal swallowed to help grind plant material in its digestive tract.
The scientists named the new species Zavacephale rinpoche. The species name is the Tibetan word for “precious one” and refers to the way the skull resembled a rounded, polished gemstone when Tsogtbaatar discovered it.
Zavacephale was a pint-sized pachycephalosaur that weighed roughly as much as a miniature poodle. Despite its diminutive size, the animal possessed a fully developed dome and had likely reached sexual maturity.
Researchers have debated for decades how these dinosaurs used their signature dome. Some have argued that the rounded melons played a role in sexual selection or that they helped species recognize one another. But the most popular interpretation is that the animals used the structure to headbutt one another, as modern bighorn sheep do, which is supported by fossilized skull caps that preserve lesions and other signs of trauma.
The team concluded that Zavacephale represents the oldest known pachycephalosaur and likely originated early on in the evolution of this bizarre group of dinosaurs. “It tells us that the dome head evolved early in pachycephalosaur evolution and arose long before Zavacephale’s bigger, cousins started littering the latest Cretaceous fossil record with their skull caps,” says Stephen Brusatte, a paleontologist at the University of Edinburgh, who was not involved in the new study.
Zavacephale’s cranium had a few noteworthy quirks, however. It was mostly composed of only one skull bone instead of the two bones seen in later species and largely lacked the knobby horns that other pachycephalosaurs had as ornamentation. Brusatte thinks that future finds of early pachycephalosaurs may further reveal how the group’s signature headgear evolved over time.
Zanno agrees. “Zavacephale was just an opening act,” she says, “and now we get to see more of the show.”

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14th MBD mission for MBCC's "Doing business with Mongolia seminar & Christmas Reception" and business program Dec 08- 14. 2025 London, UK www.mongolianbusinessdatabase.com

Mongolian Business Database with the support of the British Embassy in UB and Mongolian-British Chamber of Commerce is starting to register the participants for MBCC's "Doing Business with Mongolia seminar & Christmas Reception" at Goodman RWK on Dec 10.2025 and business program in London, UK between Dec  08- 14. 2025.
The delegates will visit the House of Commons according to the special program and able to visit “STM Innovator Fair 2025”, "The Royal Kingston Fair" trade events and The Nutcracker at The London Coliseum, Sleeping Beauty at the London Palladium etc cultural events in London are available during the period. (Chelsea vs Everton, Liverpool vs Brighton, Arsenal vs Wolves, Tottenham vs Nottm Forest etc EPL games are scheduled on Dec 13) 
The MBCC (Mongolian-British Chamber of Commerce) is a not-for-profit membership organisation established in 2009 to foster strong business links between Mongolia and the UK. It aims to provide a professional and social environment for business people who wish to be introduced to and become part of, the British-Mongolian business culture and community.
Please contact for the registration and info in detail at 976 99066062 and contact@mongolianbusinessdatabase.com

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IMF Wraps Up 2025 Article IV Talks With Mongolia www.imf.org

Washington, DC: On September 5, 2025, the Executive Board of the International Monetary Fund (IMF) completed the Article IV Consultation for Mongolia [1]
A booming mining sector in 2023-24 significantly bolstered exports and fiscal revenues, underpinning robust economic growth and lower external and fiscal vulnerabilities. However, coal exports declined markedly in the first half of 2025, resulting in a widening current account deficit, reduced budget revenues, and depreciation pressures. After peaking in February 2025, headline inflation moderated to 8.2 percent by June. Credit growth in both the banking and nonbank financial sectors remains high, despite some recent moderation. The new government, formed in June 2025, has signaled policy continuity. In response to revenue shortfalls, it submitted an amended budget to Parliament aimed at reducing expenditures and ensuring compliance with the structural fiscal deficit limit.
Growth in 2025 is projected to rise to 5.5 percent, supported by a strong recovery in the agriculture sector. Mining output is expected to remain robust, driven by increased production of higher-grade copper concentrate at Oyu Tolgoi. However, a sharp decline in coal exports—primarily due to lower prices—is expected to widen both the current account and fiscal deficits. Growth is projected to remain around 5½ percent in 2026. Inflation is anticipated to stay above the BOM target band until 2026. Over the medium term, growth is projected to gradually converge to its potential of about 5 percent. Current account deficits are forecast to persist, reflecting the high import intensity of investment projects and continued strong consumer goods imports.
Downside risks to the outlook have increased, stemming from uncertainties in Chinese coal demand and larger-than-expected declines in coal prices. Policy slippages could undermine reform progress, particularly amid growing pressures to accelerate and broaden the distribution of mining benefits by reducing non-mineral tax collections and exempting large investment projects from the fiscal rules.
Executive Board Assessment [2]
Executive Directors noted the strong growth and fiscal surpluses achieved in 2023−2024, which helped reduce Mongolia's vulnerabilities. Directors underscored, however, that the near-term outlook has become less favorable, with rising downside risks from lower coal prices and greater global uncertainty. Against this backdrop, they called for prudent macroeconomic policies to restore external and internal balances and for structural reforms to achieve diversified and sustainable growth.
Directors welcomed the authorities' commitment to meeting the structural deficit limit through expenditure restraint, which is reflected in the supplementary 2025 budget. They emphasized the need to create fiscal space by broadening the non-mining tax base and to implement mega capital projects within the fiscal rules and after careful prioritization. Directors encouraged the authorities to ensure that the tax package currently under review reduces reliance on volatile mining revenues and safeguards fiscal sustainability. They also stressed the importance of avoiding frequent changes to fiscal rules to preserve their credibility. Directors encouraged the authorities to expand domestic debt issuance to develop domestic debt markets and enhance monetary policy transmission.
Directors called on the Bank of Mongolia (BOM) to maintain a tight monetary policy stance to contain inflation. They also recommended strengthening the BOM's legal mandate, operational autonomy, and governance through amendments to the central bank law and by ending the BOM's quasi-fiscal operations.
Directors concurred that greater exchange rate flexibility would enhance Mongolia's resilience to external shocks and help deepen the foreign exchange market. They encouraged the BOM to pursue opportunistic reserve accumulation when market conditions allow.
Directors welcomed the recent macroprudential policy tightening. They encouraged aligning the debt service-to-income (DSTI) limit for nonbank financial institutions with that of banks, incorporating pension-backed loans into the DSTI limit, expanding the BOM's macroprudential toolkit, and separating macroprudential from monetary policy. Directors also recommended strengthening financial oversight and insolvency frameworks.
Directors agreed that structural reforms to improve the business climate, combat corruption, strengthen governance, and address climate change-related challenges remain essential for achieving diversified and sustainable growth. They welcomed the progress made in strengthening the AML/CFT framework and called for its effective implementation.

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Posco International to Launch Wastewater Heat District Heating Project in Mongolia www.cm.asiae.co.kr

Posco International announced on September 15 (local time) that it had signed a memorandum of understanding with Ulaanbaatar City at Ulaanbaatar City Hall in Mongolia to promote a "heating supply project utilizing wastewater heat."
Under this partnership, Posco International will pursue a plan to supply waste heat generated from Ulaanbaatar’s central wastewater treatment plant to nearby redeveloped residential areas. The two parties will jointly conduct a feasibility study for the project by the first half of 2026. If the project is proven to be economically and technologically viable, they plan to implement the main project for 15 years using the BOT (Build-Operate-Transfer) model starting in the second half of the year. Once completed, district heating will be provided to a newly constructed residential complex with 4,000 households.
Ulaanbaatar is known as one of the cities with the worst air pollution in the world during winter, with coal used for heating identified as a major cause. Posco International has proposed a solution that recycles waste heat generated during the wastewater treatment process to supply district heating, thereby reducing both greenhouse gas emissions and fine particulate matter.
Posco International is currently operating a district heating project utilizing wastewater heat at the Tancheon Wastewater Treatment Plant in Seoul. The company supplies 204,900 gigacalories of heat annually to 20,000 households in Gangnam District, saving approximately 20,490 tons of oil equivalent and reducing carbon dioxide emissions by 33,972 tons.
A Posco International representative stated, "This project not only contributes to solving Ulaanbaatar’s environmental issues, but also marks a significant step in applying Posco Group’s eco-friendly energy technology and business capabilities overseas. We also plan to explore the possibility of expanding this business into the Central Asian region."

 

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