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The first 100 days of a government mongolianbusinessdatabase.com sourced from bloombergtv.mn
It is already been 100 days since the new government was established. The government recently approved a new 4-year program. For the first time, the government strategy includes steps on how to overcome economic difficulties in their program. For example, the government continues to urge consumers to buy domestic goods and products in order to support Mongolian producers. Prime Minister Erdenebat also presented his visit to Japan as another step toward supporting local businessmen. Furthermore, foreign relations policy will focus on building production in Mongolia. In addition, the government is intending to support domestic businessmen with tax policies.
Within the last 100 days progress was made in energy sector as well. The closing financing agreement on building a 50 MW wind power plant in Tsogttsetsii, Umnugovi was signed. The project will be financed for a total of 128 million dollars from EBRD, JICA, SB Energy and Newcom. Also, “Solar Power International” is constructing a 10MW solar power plant in Darkhan. The project is currently 65 percent complete and scheduled for completion by the end of the year. Additional power plant and cable network projects to be built aimag centers will be implemented by soft loans from the government of South Korea.
There are currently 68 projects in the energy sector, implementation of these projects will produce 20 times more energy than Mongolian national energy consumption. Currently, by implementing 5 of these projects the amount of produced energy will fully meet domestic demand and reach the maximum exporting volume.
Published Date:2016-10-17
