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Events
Mongolia and Envision Group Sign a Memorandum of Understanding to Cooperate in the Energy Sector www.montsame.mn
On the sidelines of the World Economic Forum held in Davos, Switzerland, Deputy Prime Minister of Mongolia and Chair of the National Committee of Energy Dorjkhand Togmid met with foreign representatives to discuss energy cooperation.
Deputy Prime Minister Dorjkhand met with Minister of Investment of the Kingdom of Saudi Arabia Khalid Al-Falih. The two sides discussed advancing the dialogue between Prime Minister of Mongolia Oyun-Erdene Luvsannamsrai and the Saudi side on cooperating in green energy during his visit to the country in December 2024 and collaborating in other fields.
Deputy Prime Minister Dorjkhand informed Minister of Investment Khalid Al-Falih of the 14 mega projects the Joint Government of Mongolia is implementing. The two sides exchanged views on investment opportunities in Mongolia. Minister of Investment Khalid Al-Falih expressed great interest in investing in Mongolia, underlining the possibility of mutually beneficial cooperation in the energy sector. The two sides agreed to put greater emphasis on establishing an intergovernmental agreement and memorandum on cooperation in renewable energy between the Government of Mongolia and the Government of Saudi Arabia.
Minister of the Cabinet Affairs of the United Arab Emirates Meets with Deputy Prime Minister Dorjkhand Togmid
The two sides discussed moving to the next stage of dialogue on renewable energy cooperation, which was initiated during Prime Minister of Mongolia Oyun-Erdene Luvsannamsrai’s visit to the UAE in December 2024. The parties also held talks on signing a Memorandum of Understanding in the near future with the Ministry of Energy of the UAE and MADSAR company, which is one of the leading companies in renewable energy.
Minister of Cabinet Affairs of the UAE Mohammad Abdullah Al Gergawi expressed desire to establish a Joint Economic Committee between the two countries and invited Deputy Prime Minister Dorjkhand to visit the UAE and attend the “World Government Summit” in Dubai.
Mongolia Signs a Memorandum of Understanding with “Envision” in the Energy Sector
The National Committee on Energy of Mongola signed a Memorandum of Understanding (MoU) with the Envision Group, a global leader in green technology. Under this MoU, the two sides will cooperate in building a 500-megawatt battery energy storage station, export renewable energy, and create green jobs, in alignment with Mongolia’s long-term development policy “Vision 2050” and the “New Recovery Policy.”
Deputy Prime Minister of Mongolia and Chair of the National Committee on Energy Reform Dorjkhand Togmid highlighted that Envision’s proven solutions will help Mongolia fully harness its renewable energy potential, establish reliable energy infrastructure, and foster stable development in the region. Chairman of the Board of Directors of Envision Group Zhang Lei expressed confidence that this partnership will enable Mongolia to achieve its climate change objectives and accelerate economic development.
In collaboration with the International Finance Corporation, China’s Envision Group has built a 50 MW/200 MWh energy storage facility in the Baganuur district, financed through bonds issued by Ulaanbaatar City. The facility will be handed over before this winter’s peak demand period.
Published Date:2025-01-24
