1 MONGOLIA-UN JOINT STEERING COMMITTEE CONVENES WWW.MONTSAME.MN PUBLISHED:2019/06/26      2 CHINA BLOCKS ALL CANADIAN MEAT IMPORTS AS TRADE WAR WITH US HEATS UP WWW.RT.COM PUBLISHED:2019/06/26      3 HOW MONGOLIA LEVERAGES ITS NEUTRALITY TO INFLUENCE DIPLOMACY WITH NORTH KOREA WWW.NKNEWS.ORG PUBLISHED:2019/06/26      4 MONGOLIA PRODUCES 48% OF TOTAL RAW CASHMERE IN WORLD WWW.AKIPRESS.COM PUBLISHED:2019/06/26      5 MONGOLIA TOLD TO STRENGTHEN FINANCES WWW.PUBLICFINANCEINTERNATIONAL.ORG PUBLISHED:2019/06/26      6 FOREIGN TRADE TURNOVER INCREASES BY USD 514.5 MILLION WWW.MONTSAME.MN PUBLISHED:2019/06/26      7 REGISTERED UNEMPLOYED DECREASES BY 2.1 PERCENT WWW.MONTSAME.MN PUBLISHED:2019/06/26      8 CITIC OK’D TO COMPLETE C$612M INVESTMENT IN IVANHOE MINES WWW.MINING.COM PUBLISHED:2019/06/26      9 CONSTRUCTION OF TAVANTOLGOI POWER PLANT TO BEGIN IN 2020 WWW.ZGM.MN PUBLISHED:2019/06/25      10 ANOTHER SOLAR PARK GOES ONLINE IN MONGOLIA WWW.PV-MAGAZINE.COM  PUBLISHED:2019/06/25      “VIKING MINES” МОНГОЛ ДАХЬ ХӨРӨНГӨӨ ХУДАЛДАЖ ЧАДСАНГҮЙ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/06/26     АЛТНЫ СПОТ ХАНШ 1439 АМ.ДОЛЛАР ХҮРТЭЛ ӨСӨЖ,СҮҮЛИЙН 6 ЖИЛИЙН ДЭЭД ТҮВШИНД ХҮРЛЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/06/26     НИЙТ ӨРХИЙН 9.6 ХУВЬ НЬ 2.1 САЯАС ДЭЭШ ТӨГРӨГИЙН ОРЛОГОТОЙ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/06/26     МОНГОЛ УЛС 5G-Д БЭЛЭН БИШ WWW.ZGM.MN  НИЙТЭЛСЭН:2019/06/26     МОНГОЛ УЛС ОЛОН УЛСЫН ХҮҮХЭД, ЗАЛУУЧУУДЫН САНХҮҮГИЙН БАЙГУУЛЛАГЫН “ШИЛДЭГ ТҮНШЛЭЛ 2019” ШАГНАЛЫГ ХҮРТЛЭЭ WWW.IKON.MN  НИЙТЭЛСЭН:2019/06/26     НҮҮРС РҮҮ ТЭМҮҮЛЭХ МОНГОЛ БА НҮҮРСНЭЭС ЗУГАТААХ ДЭЛХИЙ WWW.IKON.MN  НИЙТЭЛСЭН:2019/06/26     2000 ГАРУЙ ХҮНС ҮЙЛДВЭРЛЭГЧ, 200 ХҮНСТЭЙ ХОЛБООТОЙ ТББ БАЙНА WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/06/26     “FACEBOOK” КРИПТОВАЛЮТ ГАРГАХ НЬ ДОЛЛАРЫН ХАНШИЙГ СУЛРУУЛАХ УУ WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/06/26     MGI: ДАТА СУУРЬТАЙ БИЗНЕСҮҮД ШИНЭ ХАРИЛЦАГЧ ТАТАХАД БУСАД БИЗНЕСЭЭС 23 ДАХИН АХИУ БОЛОМЖТОЙ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/06/25     АЛТНЫ ХАНШ 1400 АМ.ДОЛЛАР ДАВЛАА WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/06/25    

ADB, LEAP to back 15 MW in Mongolia with $18.7m loan www.pv-magazine.com

The Asian Development Bank (ADB) and Leading Asia’s Private Infrastructure Fund (LEAP) have agreed to provide an $18.7 million loan to support the development of a 15 MW solar project in Mongolia.

ShareIcon FacebookIcon TwitterIcon LinkedInIcon Google PlusIcon WhatsAppIcon Email

Sermsang Power (SSP) and Tenuun Gerel Construction (TGC) will use the funds to build and maintain the array, which will be connected to Mongolia’s central grid network. The project will be built in the Khushig valley, in Tuv aimag (province). Upon completion, the installation will generate an estimated 22.3 GWh of electricity per year, according to an online statement. The funds will be backed by an additional technical assistance grant from the Canadian Climate Fund for the Private Sector in Asia.

“This project uniquely incorporates climate-resilient technical solutions from the private sector to accommodate Mongolia’s cold and dry climate,” said Michael Barrow, director general of ADB’s private sector operations department. “The project also benefits from the transfer of operational knowledge and advanced technology from Japan and Thailand in developing and operating solar power plants.”

The loan is the first such agreement that the ADB has signed in cooperation with LEAP in Mongolia. LEAP was set up three years ago to facilitate financing for ADB-backed infrastructure projects throughout the Asia-Pacific region, in cooperation with the Japan International Cooperation Agency (JICA).

SSP and TGC are backed by Bangkok-based Sermsang Power and Japan’s Sharp Energy Solutions, in addition to two Mongolian companies. But the planned Khushig valley project is not Sharp’s first foray into Mongolian solar. Last September, it completed a 16.5 MW (DC) array in Zamyn Uud, Dornogovi aimag.

Earlier this year, the Green Climate Fund and Mongolia’s XacBank announced the completion of a 10 MW solar plant in Govisümber aimag. XacBank provided a $17.6 million loan to fund the construction of the project.

Mongolia’s total installed PV capacity stood at just 25.02 MW at the end of 2017, according to statistics from the International Renewable Energy Agency (IRENA). At present, the country derives much of its energy from coal-fired power plants. However, its pipeline of approved PV projects has already surpassed 700 MW.



Published Date:2019-03-22