Ulaanbaatar /MONTSAME/ A project launched to build the 3rd wind farm in Sainshand, Dornogobi aimag on October 12.
This project obeys a state policy of Mongolia on providing 20 per cent of the national consumption of electricity from renewable energy sources by the year 2023.
The project’s inauguration was attended by representatives of the Government of Mongolia, the Ambassadors Extraordinary and Plenipotentiary of France and Germany to Mongolia and delegates of foreign organizations, implementer and financiers of the projects.
Co-funded by the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD) and Denmark’s Export Credit Agency (EKF), the project is expected to be put into operation in the fourth quarter of 2018. As implementing the project, Mongolia will receive an investment of USD 120 million, and it will contribute to sustainable development of the green economy and environment. When the 55 MWT wind farm is built, over 100 thousand households will be provided with electricity in a year. Thus, the project will reduce emission of 200 thousand tons of carbonic acid and save 1.2 million cubic meters of water and 50,000 tons of coal.