Showing posts with label Mongolia. Show all posts
Showing posts with label Mongolia. Show all posts

November 4, 2018

Millions in Funding Announced for Renewable Energy Project in Mongolia

Project will supply clean electricity to around 260,000 people living in remote and less-developed towns in western Mongolia.

Communities are currently reliant on high-polluting and carbon-intensive electricity.

The Asian Development Bank (ADB) and Mongolian government have signed loan and grant agreements relating to renewable energy and the improvement of tax administration and public investment management. The total cost for both the projects amounts to $85.6 million.