New project to deliver reliable electricity and scale-up renewable
A new World Bank project will support Mongolia’s efforts to improve the reliability and sustainability of electricity services to meet the nation’s rapidly growing energy demands.
New project to deliver reliable electricity and scale-up renewable. A new World Bank project will support Mongolia’s efforts to improve the reliability and sustainability of electricity services to meet the nation’s rapidly growing energy demands. The Second Energy Sector Project will contribute $54.4 million in financing to help the government of Mongolia address key bottlenecks in electricity distribution companies by upgrading aging assets and expanding distribution capacity. The project will also support the development of solar power. Obsolete and inefficient distribution networks have led to significant distribution losses, which are as much as 25 percent in many networks. The regional distribution systems have reached their capacity limit and are in critical need of renovation and expansion. The project will finance investments to upgrade and expand the capacity of power distribution infrastructure, which supply electricity to nine of Mongolia’s 21 provinces. It will also help scale up production of renewable energy in remote rural areas by designing and building the first large-scale solar photovoltaic 10 MW power plant in Mongolia outside the Central Energy System. The plant will supply affordable and clean energy to the country’s western region, which currently imports 70 percent of its power supply.
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