Arvaikheer Thermal Power Plant funding to be included in 2027 budget www.gogo.mn

On September 10, Prime Minister N.Uchral visited Uvurkhangai province, where the Government has decided to secure funding for the Arvaikheer Thermal Power Plant through the 2027 state budget and accelerate its completion under a public-private partnership.

The project is currently 45% complete, although construction had come to a complete standstill over the past year.

The Government plans to use dividends received from the Oyu Tolgoi project to fully complete thermal power plants in nine provinces.

Regarding the financing of Thermal Power Plant No. 6 in Ulaanbaatar, 30% of the project cost will be covered by the state budget, including Oyu Tolgoi dividend revenues, while the remaining 70% will be financed by the private sector.

Prime Minister N.Uchral said that energy-sector challenges would be addressed comprehensively once the 2027 state budget is approved. He also noted that construction of the Arkhangai Thermal Power Plant has not yet begun and therefore the project will be implemented through a public-private partnership.

For the first time, the Government has announced an open auction for renewable energy projects in five provinces. Private-sector companies are working to commission battery energy storage systems and solar power plants in December, ahead of the upcoming winter peak demand period.

Local authorities reported that a 50 MW solar power plant in Kharkhorin, Uvurkhangai province, is currently 45% complete.

The Prime Minister emphasized that the 2026 state budget amendment and the 2027 budget framework submitted by the Government to Parliament are intended to advance major development projects, deliver tangible results, and address the country’s energy-sector challenges.

President U.Khurelsukh to meet with Mongolians in Chicago www.gogo.mn

President of Mongolia U.Khurelsukh is departing for the United States to participate in the General Debate of the 81st Session of the United Nations General Assembly in New York.

During his visit, President U.Khurelsukh will make a working visit to Chicago, where he is scheduled to meet with Mongolian citizens residing in the central region of the United States on September 24, 2026.

The meeting will be held at 6:00-8:00 PM local time on Thursday, September 24, at the Mahogany Ballroom of the Hyatt Regency Schaumburg hotel in Chicago.

The Consulate of Mongolia in Chicago has advised attendees to arrive one hour before the scheduled start time, as all participants will undergo security screening before entering the venue.

50 Aviation Professionals to Receive Training in China www.montsame.mn

Delgersaikhan Borkhuu, Minister of Road and Transport of Mongolia  met with a delegation led by Song Ling, President of AVIC International of China, to discuss expanding cooperation between the two countries in the civil aviation sector through joint projects and programs, as well as strengthening human resource capacity.

During the meeting, Minister Delgersaikhan expressed Mongolia’s interest in training 40 air traffic controllers and 10 engineers in China to meet the staffing needs of the air traffic control centers in Ulaanbaatar and Sainshand. The National Civil Aviation Center LLC is working with AVIC International to organize the training at the Civil Aviation Flight University of China.

He also proposed enrolling 23 currently serving air traffic controllers in rating training and developing long-term cooperation to provide regular training for Mongolian civil aviation professionals in China, according to the Ministry of Road and Transport.

During the meeting, officials from the Civil Aviation Flight University of China presented their training programs and activities for preparing specialists in air traffic control, air traffic dispatch, aviation management, engineering, and low-altitude aviation technologies.

The Ministry of Road and Transport said it would provide the necessary support to ensure effective cooperation between the National Civil Aviation Center LLC and AVIC International. 

The two sides exchanged information on training and developing human resources and advancing technical and technological cooperation. The National Civil Aviation Center LLC of Mongolia and AVIC International of China subsequently signed a Memorandum of Understanding to cooperate in these areas.

Contract for Power Plant Expansion to Be Concluded Soon www.montsame.mn

Mongolia will rely on electricity imports from Russia and China to get through extreme cold snaps this winter as peak demand outpaces national generation capacity, energy officials announced Monday.

Mongolia’s total installed electrical capacity stands at 1,836 megawatts, falling short of projected winter peak demand of 1,956 megawatts. Existing generation includes 1,411 megawatts from thermal plants, 150 megawatts from battery storage, 30 megawatts from wind, and 5 megawatts from hydroelectric plants.

To cover the remaining 350-megawatt deficit, Mongolia has finalized an agreement to import up to 80 megawatts from China, in addition to existing imports from Russia, according to Minister Naidalaa Badrakh.

Nationwide maintenance across power infrastructure is roughly 79% complete ahead of the cold season. Repairs are finished on nine of 20 targeted boilers and eight of 12 turbine generators. A broken turbine generator at Thermal Power Plant No. 3, which went offline last year, is scheduled to restart on December 15, with a second unit expected online in February 2028.

Minister Naidalaa noted that several expired turbine generators have been taken offline. The government allocated MNT 37 billion to modernize the units, reviving work that had been stalled for years.

Mongolia has also signed an initial design agreement with Russia to expand Thermal Power Plant No. 3 by 300 megawatts, with a final contract expected soon. Meanwhile, Thermal Power Plant No. 4 plans to add a new boiler funded by a loan from the Development Bank of Mongolia.

Heating infrastructure remains under heavy strain, with thermal plants currently running 50% above their rated design capacity. The government is pursuing public-private partnerships to advance expansions at Plants 5, 6, and 7, as well as the Amgalan Thermal Power Plant.

Mongolian fuel importer Shunkhai opens 100 billion tugrik bond sale www.streamlinefeed.co.ke

Mongolian petroleum group Shunkhai LLC will open subscriptions for its 100 billion tugrik Shunkhai-4 open bond on the Mongolian Stock Exchange on Sept. 22, the exchange announced, in a sale underwritten by Golomt Capital Securities.

The exchange notice, dated Sept. 18, sets the order window from Sept. 22 to Sept. 25 between 10:00 and 17:00, and its new-securities board lists the issue under ticker SHKL with a target raise of exactly 100,000,000,000 tugrik. At the time of inspection the order book showed zero orders because subscription had not yet opened.

Terms, rating and underwriting
An investor notice carried on ikon.mn, labelled sponsored content, says the bond carries the highest rating assigned to an open bond in Mongolia, "A stable," from the Mongolia Investment Rating Agency, and that proceeds will fund the company's core operations. The notice describes the rating as an assessment of financial capacity, governance, market position and growth prospects.

Because the ikon piece is paid promotion by the underwriter, its characterisations are reported here as claims. The timetable, size and listing come from the exchange's own notice, and the yield comparison comes from the MSE board tracked by Bondmarket.mn.

Issue: Shunkhai-4 open bond, ticker SHKL, target 100 billion tugrik, about 27.8 million US dollars at ikon's displayed Sept. 21 rate of 3,595.64 tugrik per dollar
Subscription: Sept. 22 to 25, 10:00 to 17:00 daily, on the Mongolian Stock Exchange
Underwriter: Golomt Capital Securities, an MSE member
Rating: "A stable" from the Mongolia Investment Rating Agency, per the sponsored notice
A thin market absorbs a big issue
The exchange's weekly summary puts total trading in the week to Sept. 18 at 138.2 billion tugrik across all instruments, so a fully subscribed Shunkhai-4 would approach a week of entire market turnover in a single corporate issue. The MSE lists 53 bonds and four government securities, with total market capitalisation of about 16.4 trillion tugrik.

President Khurelsukh Ukhnaa Departs to Attend UN General Assembly Session www.montsame.mn

Khurelsukh Ukhnaa, the President of Mongolia, has departed to attend the General Debate of the 81st Session of the United Nations General Assembly.

The 2026 session and General Debate are organized under the theme "Restoring Trust, Managing Transformation: A United Nations that Delivers for All." President Khurelsukh will address the General Debate, delivering a statement outlining Mongolia's position on pressing international relations issues. The President is also scheduled to meet with António Guterres, the UN Secretary-General, and several heads of state to discuss bilateral relations and cooperation.

Additionally, on September 24, 2026, the President will meet in Chicago with representatives of the Mongolian diaspora in the central region of the United States. A total of 133 heads of state and government have announced their participation in the General Debate of the 81st Session of the UN General Assembly.

Mongolia joined the United Nations 65 years ago, in 1961, as its 101st full member state. Over this period, the country has actively collaborated with the UN in various areas, including maintaining regional and international peace and security, safeguarding the interests of landlocked developing countries, and participating in UN peacekeeping operations.

The UN was established in 1945 in San Francisco, USA, with 51 founding members, and has grown to 193 member states. Last year, marking its 80th anniversary, the UN convened the 80th Session of the General Assembly and General Debate under the theme "Better Together: 80 Years and More for Peace, Development and Human Rights"

ADB allocates $30 million for the development of Mongolia's cashmere sector www.open.kg

The Asian Development Bank (ADB) has signed a loan agreement for 30 million US dollars to strengthen the production and marketing chain of cashmere in Mongolia. This project will also create over 360 jobs in the food service sector.
The investments will be directed towards purchasing raw cashmere from herders, which will improve working conditions and enhance production sustainability. Additionally, the project aims to increase the deep processing of raw materials and modernize food industry enterprises.
Mongolia produces 45% of the world's raw cashmere, but only 10% of this raw material is processed into finished products. The rest is exported abroad as minimally processed wool, which causes economic damage to the country.
Funding will significantly increase the capacities of processing factories and stabilize the incomes of livestock breeders, creating 367 new jobs in specialized areas.
The project represents a strategic step towards developing non-raw material exports from Mongolia and turning local cashmere into a competitive international brand. International support will be an important incentive for enhancing the competitiveness of Mongolian brands and creating new opportunities for youth in high technology and manufacturing.

Jade Gas to Investigate Deeper Exploration Potential of TTCBM Project in Mongolia www.smallcaps.com.au/

ade Gas Holdings (ASX: JGH) is advancing plans to investigate the deeper gas potential of its flagship Tavan Tolgoi coal bed methane project (TTCBM) project in Mongolia to determine whether it extends to additional gas-bearing horizons at depth.

The company’s exploration and development activities to date have focused predominantly on shallower gas-bearing coal seams, whereas the proposed deeper program will explore the geological sequence beneath these horizons to see if it forms part of a larger vertically developed system.

It is complementary to Jade’s existing development strategy and does not alter the company’s near-term focus on the development and commercialisation of TTCBM gas resources.

The proposed deeper exploration strategy draws on established examples from China's Ordos Basin, particularly the Hedong Coalfield (including the Linxing and Daning-Jixian fields) along its eastern margin, where extensive Carboniferous-Permian coal-bearing sequences host multiple vertically stacked gas-bearing horizons.

2D-3D Seismic Programs
Jade also plans to conduct targeted 2D and 3D seismic programs to improve its understanding of the deeper geological architecture at TTCBM including depth, distribution, continuity, and structural setting.

The work will look to image the geological sequence beneath the company’s currently targeted coal seams, map major structural and stratigraphic features, and identify prospective horizons warranting further investigation.

Initial 2D seismic is expected to provide broader structural and stratigraphic definition, while targeted 3D seismic will provide higher-resolution imaging over select areas and assist in defining and ranking priority targets for subsequent deep exploration drilling.

If the seismic programs identify compelling deeper targets, Jade will use the results to optimise the location and design of future deep exploration wells.

Successful drilling could confirm additional gas-bearing horizons, establish a new inventory of exploration targets, and identify additional exploration potential at TTCBM and across the broader permit area, providing a stronger basis for further engagement with interested international energy companies.
Jade executive director Dr Ian Wang said the company was keen to learn more about the TTCBM coal-measure gas system.

“The inbound enquiries we have received from international energy companies regarding this project’s deeper gas potential reinforce our view that this is an opportunity worth investigating,” he said.

“The planned seismic programs will allow us to evaluate the broader geological sequence and identify any additional prospective gas-bearing horizons beneath those currently underpinning our development strategy.

“Our immediate priority remains the development and commercialisation of our established gas resources and this deeper exploration program is complementary to that strategy, providing an opportunity to determine the broader scale and potential of the TTCBM gas system at depth.”

EBRD and EU Boost SME Lending in Mongolia with €25 Million Initiative www.news.fundsforngos.org

EBRD and EU Collaborate to Enhance SME Support in Mongolia
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) have launched a significant initiative to bolster lending to micro, small, and medium-sized enterprises (MSMEs) in Mongolia. This initiative introduces a portfolio risk-sharing framework that aims to facilitate increased financial support to local businesses.

Under this framework, the EBRD will provide an unfunded guarantee of up to €25 million (US$ 29 million) on loans dispensed by XacBank, one of Mongolia’s leading financial institutions. This guarantee will cover up to 50% of the credit risk associated with new MSME loans, marking XacBank as the first Mongolian bank to implement this partnership.

Unitel group advances data capabilities in Mongolia with Dell technologies www.natlawreview.com

 Unitel Group, Mongolia’s leading telecommunications and technology group, has successfully implemented a Data Lakehouse technology solution in collaboration with Dell Technologies, creating a unified foundation to integrate, process, analyze, and manage large volumes of data from multiple sources.

Mongolia’s distinctive geography and nomadic heritage have long shaped the way people connect across vast distances. Today, these characteristics are increasingly intersecting with a rapidly evolving digital economy, as connectivity, digital services, and technology become more deeply embedded in everyday life. As Mongolia’s digital lifestyle continues to expand, the infrastructure supporting the collection, processing, and use of data is becoming an increasingly important part of this transformation.

As technology adoption and digital services continue to expand, organizations are generating not only greater volumes of data, but also a wider variety of data at increasingly rapid speeds. In this environment, the ability to go beyond simply storing data and instead integrate, process, analyze, and apply data to business decisions is becoming an increasingly important foundation for digital transformation.

Data Growth Drives the Need for New Infrastructure

For Unitel Group, data generated across the operations of more than 20 subsidiaries has grown significantly in recent years. The Group processed approximately 1.9 terabytes of data per day in 2023. By 2026, this figure had increased to 8.6 terabytes per day, a 4.5-fold increase in just three years.

B. Juldyz, Director of Digital Transformation at Unitel Group

“Data generated across Unitel Group has grown rapidly in recent years, both in volume and complexity. In response to this growth and the changing ways data is being used, we needed an infrastructure that could integrate and manage data from multiple sources more efficiently, while enabling faster processing and analysis. Based on Dell Technologies’ technology solutions, we have implemented a Data Lakehouse to establish this foundation and unlock greater value from our data.”

Phillip Wu, Regional Sales Director, Infrastructure Solution Group, Dell Technologies, emphasized the importance of the underlying infrastructure in realizing the value of advanced technology:

“Having high-performance hardware alone is not enough. To fully utilize these capabilities, organizations also need an infrastructure that can deliver data that is ready for processing at the required speed and in a well-organized manner.”