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MINISTRY OF ENERGY: 20 PERCENT OF TOTAL ENERGY WILL BE RENEWED BY 2019
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MINISTRY OF ENERGY: 20 PERCENT OF TOTAL ENERGY WILL BE RENEWED BY 2019


In February, a total of 502.3 million kilowatt-hours of energy was produced in the country, and about seven percent of the total production was renewable. Mongolia is committed to provide 20 percent of the energy demand by renewable sources within the framework of the Sustainable Development Concept. The Chairman of the Energy Policy and Planning Department emphasized that this year’s goal is possible to be fulfilled. Representatives of the Ministry of Energy visited the Sainshand wind farm this month and concluded that the work is ongoing according to the plan. However, the supply of renewable energy fluctuates depending on the environmental conditions, if the capacity exceeds 200 megawatts, the system is not able to absorb the all of the energy. The Ministry of Energy also informed the need for legal reform.

The energy cost in the Central region is MNT 145.8 per kilowatt-hour, while the price of renewable energy is estimated in USD which makes it more expensive 2-3 times. In this regard, the Ministry of Energy has submitted a bill for the price of MNT. It also announced that there will not be any price minimums.


Source: BloombergTv.mn


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