Mongolia Energy

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Nuclear power has at times been considered a prominent part of Mongolia’s energy mix in the long term. The country has significant uranium reserves in multiple locations, according to data from the International Atomic Energy Agency, with the vast majority of it in the Dornod field in the north-east. Mongolia has in recent years been reforming its...

While a significant nomadic population still pushes its herds across the steppe, young adults in Ulaanbaatar use fibre-optic networks to access the internet. Heir to the legacy of Chinggis Khan, Mongolia is fast emerging as a land rich with economic potential – a country that is seeking growth while also working to preserve its unique national culture. 

Chapter | Energy from The Report: Mongolia 2013

Outdated power plants and grids, alongside a legal environment and tariff regime in need of upgrading, has made investment difficult. However, several efforts, focusing on boosting and diversifying supply for electricity and fuels, and establishing a positive track record for Mongolia as a viable destination for private investment in large-scale energy projects, are under way. The good news is...

Chapter | Mining from The Report: Mongolia 2013

The mining sector was a key growth driver of GDP in 2011, when the economy expanded 17.3%. Since 2012 there has been a moratorium on new licences, which is officially set to expire at the end of 2012. Although the major projects are not producing as yet, mining is already the country’s most important economic activity, contributing 20.2% of GDP in 2011, according to preliminary estimates. Coal...
Plans for a large power plant near Ulaanbaatar underline how Mongolia’s surging growth in resource revenues can be used to meet looming energy shortfalls in urban areas. However, more innovative sources are needed to supply power to the rural expanses of the country’s steppes.
Coal production continues to rise in Mongolia amid the ongoing development of large mining projects aimed at increasing regional demand, yet the energy sector has also began exploring greener alternatives.