1 GOVERNMENT TO FORMALLY APPROACH RIO TINTO, OYU TOLGOI TO SAFEGUARD NATIONAL INTEREST WWW.MONTSAME.MN PUBLISHED:2026/01/09      2 NON-COMPLIANT ADVERTISING BILLBOARDS TO BE REMOVED WWW.MONTSAME.MN PUBLISHED:2026/01/09      3 FROM TORONTO, CANADA TO PHU QUOC, VIETNAM: MONGOLIA’S BOLD 2026 AVIATION EXPANSION INCLUDES NEW FLIGHTS, VISA-FREE TRAVEL, AND AIRPORT UPGRADES! WWW.TRAVELANDTOURWORLD.COM PUBLISHED:2026/01/09      4 MONGOLIA TO MARK 820TH ANNIVERSARY OF THE GREAT MONGOL EMPIRE WWW.MONTSAME.MN PUBLISHED:2026/01/09      5 PARLIAMENT SUPPORTS SOLAR GER INITIATIVE UNDER NEW REGULATORY REFORMS WWW.MONTSAME.MN PUBLISHED:2026/01/09      6 MONGOLIA TO PURCHASE 710 THOUSAND TONS OF GASOLINE FROM RUSSIA WWW.OPEN.KG PUBLISHED:2026/01/09      7 ULAANBAATAR TO INSTALL 11.7 KM OF STORM DRAINS AT 19 SITES WWW.MONTSAME.MN PUBLISHED:2026/01/09      8 BUILDING MONGOLIA'S NEW, OLD CAPITAL AT KHARKHORUM WWW.THEDIPLOMAT.COM PUBLISHED:2026/01/08      9 BACKED BY INDONESIAN TYCOON, THIS LISTED FIRM RUSHES TO ACQUIRE A MONGOLIAN MINE WWW.CNBCINDONESIA.COM PUBLISHED:2026/01/08      10 PREPARATORY WORK LAUNCHED TO BRING THE BORTEEG DEPOSIT INTO ECONOMIC CIRCULATION WWW.MONTSAME.MN PUBLISHED:2026/01/08      УЛААНБААТАРТ ӨНДӨР ТЕХНОЛОГИЙН ХОЁР ҮЙЛДВЭР БАЙГУУЛЖ, УСАН ХАНГАМЖИЙГ 80 ХУВИАР НЭМЭГДҮҮЛЛЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2026/01/09     ХУУЛЬ БУС ЭЗЭМШИЛД БАЙСАН 15 БАРИЛГА БАЙГУУЛАМЖИЙГ НИЙСЛЭЛД БУЦААН АВЧЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2026/01/09     МОНГОЛ УЛСАД 37 097 ГАДААД ИРГЭН ОРШИН СУУХ БҮРТГЭЛТЭЙ БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2026/01/09     ҮСХ: 12 ДУГААР САРЫН ИНФЛЯЦ 7.5 ХУВЬТАЙ ГАРЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2026/01/09     2026 ОНД НИЙСЛЭЛД ХЭРЭГЖИХ ТОМООХОН БҮТЭЭН БАЙГУУЛАЛТУУД WWW.ITOIM.MN НИЙТЭЛСЭН:2026/01/09     ДУЛААНЫ ТАРИФ НЭМЭГДҮҮЛЭХ ШИЙДВЭРИЙГ ХОЙШЛУУЛЖ, 2027 ОНЫ НЭГДҮГЭЭР САРЫН 1-НЭЭС НЭМНЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2026/01/09     НИЙГМИЙН ДААТГАЛЫН ӨР ТӨЛБӨРТ ТООЦОЖ, "КАПИТАЛ" БАНКНААС ХУРААСАН ХӨРӨНГИЙГ ДУУДЛАГААР ХУДАЛДАНА WWW.GOGO.MN НИЙТЭЛСЭН:2026/01/09     НИЙСЛЭЛИЙН 19 БАЙРШИЛД 11.7 КМ АВТО ЗАМЫН БОРООНЫ УС ЗАЙЛУУЛАХ ШУГАМ УГСАРНА WWW.ITOIM.MN НИЙТЭЛСЭН:2026/01/08     "БНХАУ-ЫН НЭГ КОМПАНИТАЙ ШАТАХУУНЫ ГЭРЭЭ БАЙГУУЛСАН" WWW.NEWS.MN НИЙТЭЛСЭН:2026/01/08     ЕРӨНХИЙ САЙД Г.ЗАНДАНШАТАР “РИО ТИНТО-Д ХАТУУ ШААРДЛАГА ХҮРГҮҮЛНЭ WWW.NEWS.MN НИЙТЭЛСЭН:2026/01/08    

Category

Events

Events

Name organizer Where
MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2025 London UK MBCCI London UK Goodman LLC

NEWS

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Mongolia and UK Conduct Joint Study on Cybersecurity Risks www.montsame.mn

The Ministry of Digital Development, Innovation, and Communications, in cooperation with the Government of the United Kingdom, conducted a study from October 27 to 31 to assess Mongolia’s cybersecurity risks.
According to the Ministry, the joint study, carried out by a Mongolian technical team and cybersecurity experts from the UK Government, aims to implement the National Cybersecurity Strategy approved by a Government resolution, identify the level of cybersecurity risks, and plan measures to reduce those risks.
Using the methodology and questionnaire developed by the UK Government for cybersecurity risk assessment, British experts will train the Mongolian team in identifying risks and preparing cybersecurity risk reports at the organizational, sectoral, and national levels. The Mongolian team is responsible for collecting the necessary data and preparing the report.
The study is expected to help the Government and organizations with critical information infrastructure identify cyber risks, make evidence-based decisions on resource allocation, investment, and policy planning, and strengthen prevention and response measures against potential threats. It will also raise awareness and understanding of risk identification and response.
On October 28, 2025, a training session was held for representatives of critical information infrastructure and public and private sector organizations to explain how to identify, assess, and quantify the impact of cyber risks and to emphasize the importance of the study.
More than 40 public and private organizations with critical information infrastructure are participating in the study to assess Mongolia’s national cybersecurity risks.

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Russia, Mongolia To Upgrade Road & Rail Corridors and Increase Freight Transit www.russiaspivottoasia.com

Russia and Mongolia are planning to update the plans to develop railway and roadway transport corridors by the end of the year, Russia’s Deputy Transport Minister, Alexei Shilo, has said.
Shilo was meeting with Batmunkh Nasantogtokh, the State Secretary of the Mongolian Ministry of Roads and Transport. They formalized the agreements at this week’s meeting of the transport working group of the Russia-Mongolia intergovernmental commission on trade, economic, scientific, and technical cooperation and discussed developing the Russia-Mongolia-China economic corridor.
That is intended to cater for growing volumes of freight transport between the countries and further develop Mongolia’s transit potential, as well as upgrade and develop the Ulaanbaatar Railway (UBTZ), which is operated as a Mongolian and Russian state joint venture. This railway was established in 1949 as a joint venture between the Mongolian People’s Republic and the Soviet Union and is now jointly owned by the Mongolian and Russian governments, with each having a 50% stake. Russian Railways holds the Russian equity.
During the meeting of the intergovernmental commission, Shilo highlighted the need to approve the 2026-2030 technical upgrade of the Ulan-Ude Railway in order to develop the central railway line of the Russia-Mongolia-China economic corridor. This is required to enable the route to handle 50 million tonnes of freight by 2030.
The participants also discussed highway connections between Russia and Mongolia, with Shilo adding, “The importance of developing cross-border highways, including the AH3 and AH4 routes of the Asian Highway Network was discussed. We agreed by the end of November this year to exchange highway development plans for the Asian Highway Network.”

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Mongolia Upgraded To 'BB-' On Sustained Fiscal Consolidation And Strong Growth; Outlook Stable www.spglobal.com

On Oct. 30, 2025, S&P Global Ratings raised its long-term foreign and local currency sovereign credit ratings on Mongolia to 'BB-' from 'B+'. The outlook on the long-term rating is stable.
At the same time, we affirmed our 'B' short-term foreign and local currency sovereign credit ratings.
We also revised the transfer and convertibility assessment to 'BB' from 'BB-'.
Outlook
The stable outlook on the long-term sovereign rating reflects our view that Mongolia will sustain robust economic expansion and keep fiscal deficits low over the next 12-24 months. We expect broad policy continuity despite recent domestic political developments.
Downside scenario
We could lower the ratings if Mongolia's economic growth trajectory is derailed, bringing economic growth down to unexceptional levels when compared with economies at similar levels of average income.
The ratings would also come under pressure if Mongolia's fiscal policy anchors weaken, resulting in persistently wider deficits and an increase in net general government debt to more than 30% of GDP.
Upside scenario
We could raise the ratings on Mongolia if its external settings and fiscal position improve further, such that narrow net external debt declines to less than 50% of current account receipts and the average annual change in net general government debt falls below 1% of GDP on a structural basis. This scenario would be underpinned by continued strong growth in the mining sector and a political commitment to fiscal consolidation.
We could also raise the ratings if Mongolia materially improves its institutional settings, especially the predictability of policymaking.
Rationale
We upgraded Mongolia to reflect its improving debt metrics. Government revenue has soared over the past three years on the back of exuberant mining activity. The government ran three consecutive years of budget surpluses, enabling it to almost halve the ratio of net general government debt to GDP and significantly lower interest-servicing costs.
Mongolia has sustained robust growth in recent years, spurred by strong commodities exports. Though coal prices have weakened of late, this was offset by increased production of copper concentrate and a rebound in the agriculture sector. We continue to view Mongolia's long-term growth prospects to be stronger than that of sovereign peers with similar income levels.
Domestic politics in Mongolia are in a state of flux since the prime minister's resignation in June 2025 and the subsequent occurrences of discord within the ruling Mongolia People's Party (MPP). However, we expect policy continuity because politicians across factions are in broad consensus on the fiscal consolidation path and the economic agenda.
Our ratings on Mongolia reflect the country's elevated external imbalances and evolving institutional settings. Mongolia also faces significant vulnerabilities stemming from its concentrated economic base. We weigh these factors against the country's strong growth prospects and the government's recent record of fiscal discipline. Mongolia's steady access to concessional funding from multilateral and bilateral partners also helps to keep financing costs down.
Institutional and economic profile: Mining sector to support growth; evolving political situation unlikely to affect credit metrics
We expect Mongolia's economy to sustain strong growth in 2025, despite lower coal exports.
Economic growth over the next two to three years is likely to outpace sovereign peers' and will continue to be propelled by strong exports and foreign direct investments in mining.
We believe the ongoing political turbulence will not lead to significant changes in policymaking.
We forecast Mongolia's real GDP will increase 5.5% this year, after growth of 5.1% in 2024. The growth momentum continued in the first half of 2025, with the economy expanding by 5.7%, supported by continued coal exports, a recovering agriculture sector, and steeply rising copper exports. Mongolia's copper exports benefitted from higher production in the underground site of Oyu Tolgoi, one of the world’s largest copper mines. Additionally, household consumption continued to expand with a modest rise in wages. That, combined with continued government spending, should sustain the economic expansion.
China's demand for coal from Mongolia has risen. China has in recent years increasingly turned to Mongolia for high-quality coking coal used in steel production, reflecting geopolitical tensions. Mongolia's export volume of coal reached all-time highs of more than 80 million tons in 2023 and 2024, more than double the level in prior years.
However, the momentum in coal exports has slowed this year, with 58.4 million tons of coal exported in the first nine months; coal prices have also moderated since the start of 2025. However, the weakness in coal is alleviated by a substantial 45% year-on-year increase in production of copper concentrate to 1.45 million tons in the eight months, amid steady copper prices. Agriculture and livestock, which underperformed in the past two years due to severe winters, are also recovering and should help offset the weakness in coal exports.
Mongolia has a promising economic outlook, in our view. We forecast real GDP growth will average about 5.5% annually through 2028, on the back of sustained investments in the Tavan Tolgoi and Oyu Tolgoi mining projects. Simplified customs clearance at the China-Mongolia border has also eased trucking bottlenecks. The government's progress in developing new railway lines and completion of transshipping facilities will also significantly increase carrying capacity.
Nevertheless, downside risks to growth remain. Mongolia's economy is highly vulnerable to exogenous shocks due to its heavy dependence on mineral exports to China. This was evident when restrictions at the Chinese border prevented Mongolia from fully capitalizing on high commodity prices in 2022. Acute shifts in commodity cycles could also heighten volatility in economic and fiscal outcomes.
Institutional and governance weaknesses remain rating limitations. Youth-led protests in May 2025 over alleged corruption resulted in the ousting of Prime Minister Luvsannamsrai Oyun-Erdene. On Oct. 17, the newly appointed Prime Minister Gombojavy Zandanshatar was dismissed by Parliament over procedural issues in the appointment of a cabinet minister. The constitutional court has since reversed the decision and reinstated Zandanshatar as prime minister.
We continue to monitor closely these evolving events. Our base case remains that the government's economic policies and fiscal stance will be unchanged regardless of the potential shuffling in political appointments in the coming weeks. This is because key agendas such as fiscal prudence, promoting foreign investments, and prioritizing infrastructure continue to have wide support across the political spectrum.
Flexibility and performance profile: Commodity boom has improved fiscal settings and allowed rapid deleveraging; external position has also benefitted but remains weak
Mongolia's fiscal position has improved materially in recent years, and the government will likely maintain modest deficits to support the economy.
External indebtedness relative to current account receipts has declined, but external metrics remain weak.
The sovereign's steady access to concessional funding mitigates some credit risks associated with elevated levels of external indebtedness.
After consecutive years of fiscal surpluses over 2022 to 2024, Mongolia is likely to have a small general government deficit this year as declining exports weigh on revenue. Over the next two to three years, we envisage execution capacity will catch up to the larger revenue base. Therefore, we project modest deficits throughout our forecast horizon. Even so, we expect public debt ratios to improve as net general government debt averages 28% of GDP through to 2028 (and on a declining trend) on the back of strong economic expansion and moderate increases in spending.
Mongolia's government receipts increased on average by more than 30% annually over the past three years as windfall profits from the minerals sector filled fiscal coffers through royalties, dividends, and corporate taxes. Our forecast for a deficit of 0.5% of GDP this year is in line with the supplementary budget passed in August 2025. The initial budget projected a balanced position of 0% of GDP. The amended budget expects dampening of government revenues by Mongolia tugrik (MNT) 3.3 trillion on weaker coal prices. To counter the revenue shortfall, the government is reducing nonessential spending and has halted financing for uncontracted projects after May 2025. The estimated savings from these measures is about MNT2 trillion (2% of GDP).
We expect Mongolia to record modest fiscal deficits averaging 1.3% of GDP over 2026-2028. Government spending will remain high as authorities continue to support the economy through social benefit and infrastructure projects. That said, we believe deficits will be contained because an amendment to the Fiscal Stabilization Law will anchor prudence. In addition to the existing rule of structural deficits of not more than 2% of GDP, the amendment mandates a "base" fiscal surplus of at least 2% of GDP from 2025. This is after including net new borrowings; the surpluses can only be used to pay down government debt.
High nominal GDP growth alongside fiscal consolidation has enabled Mongolia to significantly reduce its debt burden. The ratio of net general government debt to GDP declined by 35 percentage points to 32% of GDP in 2024, from the 2020 level. We forecast this ratio will decline further to 31.2% in 2025 and stay less than 30% from next year onward. Robust revenue growth has also enabled Mongolia to reduce its debt-servicing cost, as measured by the ratio of government interest payment to revenue. This has gone below 5% since 2022 and we expect it to stay so. A substantial concessional component caps Mongolia's borrowing costs.
Nevertheless, Mongolia's fiscal outcomes can be volatile, driven by the vagaries of commodity cycles. The government's revenue base is highly dependent on the mining sector. Debt stock dynamics can, at times, be disconnected from budget performance because the bulk of government debt is denominated in foreign currencies. For example, in 2022, despite a general government surplus of 0.7% of GDP, net government debt increased by 10% of GDP because of a sharp depreciation of the tugrik.
Mongolia's financial and public enterprise sectors pose limited contingent liabilities for the government, in our opinion. This is due to the modest size of the financial sector. That said, the country's banks remain vulnerable to risks associated with an under-developed and primarily commodity-based economy.
We also observe continued weaknesses in Mongolia's regulatory framework, transparency, and disclosures. Our Bank Industry Credit Risk Assessment for Mongolia is '9' (with '1' being the highest assessment and '10' being the lowest).
Our key measure of external assessment, narrow net external debt to current account receipts, has been declining for Mongolia due to high growth in the denominator. From 184% in 2020, we estimate the ratio decreased to 81% in 2025. However, Mongolia has a much higher net liability position compared with its narrow net external debt. This is due to the country's large inflows of foreign direct investments into mining projects. We expect this ratio to remain above 250% over the next two years.
We forecast Mongolia's current account deficit will stay at 8%-10% of GDP over the next two to three years. The current account had gone into a small surplus in 2023, the first in 15 years, owing to record coal exports. But the current account reversed to a deficit last year to about 10% of GDP. Trade flows have continued so far in 2025. Mongolia's current account had a deficit of more than US$1.8 billion (7.7% of GDP) as of end-August, fueled by an increase in capital imports and slower merchandise exports on weaker coal prices. High import intensity will persist, coupled with normalization of coal demand from China and lower commodity prices.
Mongolia's external liquidity position, as measured by its gross external financing needs (current account payments plus short-term external debt), will also likely stay at more than 100% of current account receipts plus usable reserves, indicating elevated liquidity pressures. Risks associated with Mongolia's high external indebtedness and financing needs are partially mitigated by strong donor and lending support from both bilateral and multilateral partners.
Inflation in Mongolia rose in the first nine months of 2025, reaching 9% year on year in September. This is after a dip to 6.8% in 2024, from double digits in the years before. Mongolia's central bank halted in 2024 the monetary easing of 300 basis points in total. It has since hiked rates by 200 basis points in March 2025 to address rising prices.
Mongolia's central bank had previously executed quasi-fiscal spending programs on behalf of the government. Therefore, we deem the bank's independence as limited. Although the central bank has strengthened governance through reforms since 2016, its record of operational independence remains short.

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Government of Mongolia Launches Negotiations with Rio Tinto www.montsame.mn

The Government of Mongolia has launched negotiations today to reduce the interest rate on the Oyu Tolgoi project loan.
Representing the Government in the talks are Minister of Finance Javkhlan Bold and Minister of Industry and Mineral Resources Damdinnyam Gankhuyag, joined by executives from “Erdenes Mongol” LLC and “Erdenes Oyu Tolgoi” LLC. They are holding discussions with representatives of the “Rio Tinto” Group.
During the negotiations, the Government is raising the following key issues:
• Increase Mongolia’s share of benefits from Oyu Tolgoi to over 50 percent;
• Reduce the shareholder loan interest rate;
• Review the current practice of discussing the loan interest rate only once every seven years;
• Reconsider the practice of charging compound interest.
Minister of Industry and Mineral Resources Damdinnyam highlighted the significance of the talks, saying, “Reducing the Oyu Tolgoi loan interest rate will increase Mongolia’s returns. In other words, it will enable us to receive dividends earlier. This means that funds will flow into the National Wealth Fund sooner and directly benefit the people. Our team is working to ensure a decision that is favorable to the Mongolian people.”

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Mongolia court upholds government’s termination of QSC concession, citing “public interest” www.eguur.mn

Mongolia’s Administrative Appellate Court has upheld the government’s decision to terminate a major industrial concession with QSC LLC, Mongolian investor company, ruling that the action was taken “within its lawful authority to protect national security, defense and public interest.”
The case concerns a 2022 government resolution cancelling QSC’s concession agreement to develop the Darkhan Metallurgical Complex, a project intended to create Mongolia’s first integrated steelmaking facility complex.
The cancellation came only four months after the government had approved the project’s revised feasibility study, which was updated to adapt to limited power supply conditions. QSC described the move as abrupt and contradictory, arguing that it violated contractual and investment protection principles.
The company says it had already invested substantial funds in mine development, rail and power infrastructure. However, the court found that “the investor’s legal rights and interests were not infringed,” even though the project and related assets have effectively been seized by the state.
QSC said the ruling “raises serious concerns about the application of the public interest doctrine” and plans to appeal once the written judgment is issued.
The decision has renewed debate over the government’s growing use of “public interest” as a legal justification for taking control of private industrial assets — a trend that investors warn could chill confidence in Mongolia’s business environment.
https://news.mn/r/2831326/
https://ikon.mn/n/3izd
https://eguur.mn/635010/
https://isee.mn/n/84153

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EBRD finances construction of cardiovascular hospital in Mongolia www.ebrd.com

The European Bank for Reconstruction and Development (EBRD) is providing a sovereign loan of up to US$ 34.9 million (€33.5 million equivalent) to the Ministry of Health of Mongolia to finance the construction of a specialised cardiovascular hospital in Ulaanbaatar. The project aims to improve access to healthcare and reduce mortality from cardiovascular diseases in the country.
The financing will enable the construction and commissioning of a modern, around 120-bed cardiovascular facility designed to achieve optimal energy performance and receive national energy performance class A+ green certification for resource-efficient buildings. This green approach will ensure the hospital operates sustainably while delivering high-quality medical services to the population.
The project is the latest under the Ulaanbaatar Green Cities Action Plan, which was approved in 2019 and demonstrates the EBRD's commitment to supporting sustainable urban development and improving quality of life for residents.
The EBRD's loan will be co-financed by a US$ 28.1 million (€27 million) contribution from the government of Mongolia, comprising a mix of government funds and a grant from the Grand Duchy of Luxembourg, reflecting a strong national commitment to healthcare infrastructure development.The EBRD has invested almost €2.5 billion in Mongolia’s economy through 159 projects to date. Approximately 90 per cent of these funds have been used to support private-sector companies.

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ADB to Support Mongolia’s Largest Solar and Battery Storage Project for Energy Security www.adb.org

The Asian Development Bank (ADB) has been appointed by the Government of Mongolia to serve as transaction advisor for the Stable Solar Energy in Mongolia Project, a landmark renewable energy initiative that will significantly expand the country's clean energy capacity while improving grid stability and reducing dependence on fossil fuel imports.
The project envisions the development of about 115 megawatts (MW) of solar photovoltaic (PV) capacity and 65 MW / 237 megawatt-hours (MWh) of battery energy storage systems (BESS) across Mongolia's Western and Eastern Energy Systems — two of the country's most critical yet isolated grid networks. Once operational, it will represent one of Mongolia's largest renewable energy procurements and the nation's first-ever combined solar and BESS auction.
A Major Milestone in Mongolia's Clean Energy Transition
Mongolia's vast steppes and high solar irradiance provide ideal conditions for solar power generation, but the country's energy system remains heavily dependent on coal-fired plants and imported electricity, particularly from neighbouring Russia. The new project aims to change that by delivering reliable, affordable, and low-carbon power to some of the nation's most remote areas.
"ADB is proud to support Mongolia in advancing its clean energy transition through innovative renewable energy and storage solutions," said Shannon Cowlin, ADB Country Director for Mongolia. "This project will help strengthen energy security, enable greater integration of renewables, and lay the foundation for larger investments in solar and BESS in the years ahead."
The project will deploy advanced battery technologies to store solar energy and provide key grid services such as peak shifting, frequency regulation, and voltage stabilization. By balancing supply and demand more efficiently, the system will make it possible to integrate a higher share of intermittent renewable energy into Mongolia's electricity network.
Supporting a More Reliable and Self-Sufficient Grid
Mongolia's Western Energy System (WES) and Eastern Energy System (EES) are not connected to the central grid and have historically struggled with reliability challenges and limited access to clean power. The addition of solar generation and battery storage will stabilize these networks, helping reduce blackouts and voltage fluctuations while lowering costs associated with fossil fuel imports.
According to ADB experts, the project will also play a vital role in helping Mongolia diversify its energy mix and cut greenhouse gas emissions, in line with its Nationally Determined Contribution (NDC) under the Paris Agreement.
Transparent Bidding and Private Sector Participation
The Stable Solar Energy in Mongolia Project will be implemented through a competitive, transparent auction process, designed to attract private sector investors and independent power producers (IPPs). ADB's transaction advisory role will include structuring the project, designing the tender process, and advising on risk allocation and regulatory frameworks to ensure fair competition and investor confidence.
ADB will also help the government establish long-term power purchase agreements (PPAs) and create a replicable model for future renewable energy and storage investments in the country.
Aligned with Mongolia's Long-Term Energy Vision
The project directly supports Mongolia's State Policy on Energy (2015–2030) and the government's New Recovery Policy, both of which prioritize energy diversification, decarbonization, and infrastructure modernization. It is also consistent with Mongolia's long-term vision to achieve carbon neutrality by 2050, emphasizing the role of clean energy as a cornerstone of economic resilience and sustainability.
Through its collaboration with the Ministry of Energy, ADB aims to ensure that the project contributes to national energy security, job creation, and technological advancement in renewable energy and energy storage systems.
Mongolia's Expanding Renewable Energy Ambitions
Mongolia's renewable energy sector has grown rapidly over the past decade, with solar and wind projects now accounting for nearly 20% of installed capacity. However, the potential remains largely untapped — the country's solar energy resources are estimated at more than 4,500 terawatt-hours (TWh) annually, among the highest in Asia.
By adding battery energy storage to its renewable infrastructure, Mongolia will be able to maximize solar output, store excess generation, and stabilize supply during periods of low production or high demand — a crucial capability for a country with a cold climate and vast, sparsely populated terrain.
Driving Regional and Climate Benefits
ADB's involvement in the Stable Solar Energy Project also aligns with its broader Energy Policy 2021, which focuses on supporting low-carbon, inclusive, and resilient energy systems across Asia and the Pacific. The initiative will contribute to regional climate action goals and set a model for other countries transitioning from fossil fuel dependence to integrated clean energy systems.
In addition to improving energy access and reliability, the project will help reduce air pollution, create local employment opportunities, and promote green technology transfer.
Looking Ahead
Once completed, the Stable Solar Energy in Mongolia Project will stand as a flagship example of sustainable infrastructure development, showcasing how renewable energy combined with storage can deliver both economic and environmental benefits.
"Mongolia's clean energy transition is gathering momentum," Cowlin added. "With ADB's support, this project will demonstrate that renewable power and innovation can drive energy security, stability, and prosperity for all."

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Hunnu City Power Infrastructure Nears Completion www.montsame.mn

Plans are underway to establish key institutions in Hunnu City, including government offices, a free economic zone, universities, a student campus, and integrated transport and logistics facilities.
According to the Governor’s Office of the Capital City Ulaanbaatar, electrical and infrastructure works are progressing as part of this initiative. The “Hunnu” substation is designed to supply electricity to new developments and future buildings within the administrative zone of the city.
The project includes a 110kV overhead power line, a 2x40 MVA 110/35/10 kV “Hunnu” substation, a control building, three enclosed 10 kV distribution units (RP-1, RP-2, RP-3), and a 10kV transmission cable network. Construction and installation are being carried out by Da Khot LLC and Concept Capital Solutions LLC, with progress currently at 84 percent.
Under the long-term development strategy “Vision 2050,” Hunnu City is envisioned as Mongolia’s principal transport and logistics hub, strategically centered around Chinggis Khaan International Airport in the Khushig Valley. The city is also expected to evolve into a unified air passenger gateway for Northeast Asia.
Project initiators anticipate that Hunnu City will ease congestion in Ulaanbaatar and contribute to national economic growth by 10-15 percent. The development of the Bogd Khaan Railway, a free economic zone, and an integrated transport and logistics center will support this goal.
On June 5, 2024, the Parliament of Mongolia adopted the Law on the Legal Status of Hunnu City, officially designating it as a satellite city of Ulaanbaatar with strategic functions. The law establishes Hunnu City’s special administrative structure, economic framework, and governance model and mandates integrated development with Tuv aimag to generate shared economic benefits.

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Mongolia Commissions 53 New Factories as Part of ‘Food Revolution’ Plan www.montsame.mn

President of Mongolia Khurelsukh Ukhnaa visited national manufacturing enterprises within the framework of the National Movement for “Food Supply and Security.”
President Khurelsukh’s first stop was at the “Agro Feed” plant of Tumen Shuvuut JSC. He was received by Chairman of the Board L. Erkhembayar and Chief Executive Officer J. Bold, who briefed him on the company’s equipment upgrades, new facilities, and operations.
With the help of a long-term concessional loan, Tumen Shuvuut JSC commissioned its "Tumen Shuvuut-2" plant last year and is currently building its next facility. The company plans to produce 170 million eggs this year and 250 million next year, which will meet 40 percent of domestic demand, reaching 50 percent by 2026 when operating at full capacity. Its Agro Feed plant produces poultry and livestock feed, supplying 25 poultry farms in 21 provinces. Production is expected to reach 40,000 tons this year and 55,000 tons next year.
The company purchased 38,000 tons of locally grown wheat, bran, and oats this year and plans to buy 53,000 tons in 2026. Its executives also introduced a project for breeding Dorper sheep, a meat-oriented livestock species. Established in 2004, Tumen Shuvuut JSC operates four subsidiary plants with over 360 employees, producing 17 types of packaged eggs, 10 types of animal feed, and organic fertilizer made from poultry manure. The company has more than 19,000 shareholders and distributed MNT 10 billion in dividends between 2019 and 2023.
Before 2020, Mongolia imported over half of its egg supply, while domestic producers operated with outdated equipment and facilities. Since the launch of the National Campaign for Food Supply and Security in 2022, the number of enterprises has increased, their capacity and equipment have improved, and production has grown accordingly. Within the next two years, over 30 domestic poultry farms are expected to raise a total of 3 million birds, producing an average of 650 million eggs per year, enabling Mongolia to meet 80 percent of domestic demand this year and achieve full self-sufficiency next year.
President Khurelsukh expressed appreciation to the national enterprises and wealth creators that have shown commitment and delivered tangible results under the campaign, which aims to ensure Mongolia’s self-sufficiency in 19 key food products. To date, over 3,000 enterprises have received MNT 1.2 trillion in long-term concessional loans under the Food Supply and Security National Movement.

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Deputy Prime Minister S.Amarsaikhan dismissed for violating Accountability agreement www.gogo.mn

Prime Minister G.Zandanshatar announced at the Cabinet meeting that Deputy Prime Minister S.Amarsaikhan has been dismissed from office for violating the government’s Accountability agreement.
“The illegal activities of ill-intentioned actors seeking to seize state power for the sake of office, driven by vengeful motives and using unconstitutional means, have intensified. Unfortunately, some Ministers took part in this activity, urged others to sign, and pressured members. For these reasons I am announcing the dismissal of Deputy Prime Minister S.Amarsaikhan. Expressing positions and taking actions contrary to the Chamber is not consistent with the Accountability agreement. Therefore, I am announcing the decision made last night.”

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