Energy Minister meets ADB Country DirectorSociety
Ulaanbaatar /MONTSAME/ Minister of Energy N.Tavinbekh met with Country Director of the Asian Development Bank (ADB) Pavit Ramachandran. ADB Mongolia Country Director Pavit Ramachandran highlighted that the Bank that has been cooperating with Mongolia to ensure energy system security and stability is now developing its 2021-2024 Country Partnership Strategy for Mongolia.
Minister N.Tavinbekh thanked the Bank for its support and expressed his hope that the sides will cooperate fruitfully in increasing renewable energy sources. Mongolia gets 18 percent of its energy from renewable sources. Technical assistance is currently being provided in the field of methane gas and it is possible to reduce heating cost as well as environmental pollution with the implementation of geothermal energy projects.
At the meeting, the sides agreed to later talk at length about increasing renewable energy sources and ensuring private sector’s involvement. Minister N.Tavinbekh undertook to cooperate in supplying power to ger areas using distributed renewable energy sources.