Erdeneburen HPP project to be intensifiedEconomy
Ulaanbaatar/MONTSAME/ The Government of Mongolia adheres to a policy to reduce the use of imported energy and increase domestic source. During his working visit to Khovd aimag, Prime Minister U.Khurelsukh got acquainted with the progress of project on constructing Hydropower Plant on Khovd River in Erdeneburen soum of the aimag and made a decision to intensify the project implementation. Currently, the feasibility study of the HPP is under formulation.
When Erdeneburen HPP comes into operation, it will be a reliable and cheap energy source that the energy need of western aimags can be fully provided. In addition, it will yield numerous positive socio-economic outcomes, such as budgetary subsidy being given to western energy system will be zeroed, about 1000 permanent job places will be newly created as well as accessibility of doing business will be improved.
With a total investment worth of USD288 million, the 100MW HPP will produce 300 million kW/h electricity annually.