“Symbior Solar” to invest in Mongolia

2017-02-13 08:48:05

Ulaanbaatar /MONTSAME/ On February 10, T.Tugsbilguun, Ambassador of Mongolia to Thailand met at the Embassy with Florian Bennhold, CEO of Bangkok-based Symbior Solar Energy Limited.

During the meeting, Mr. Bennhold informed the Ambassador of his company’s ongoing project with Mongolia’s NovaTerra LLC to develop a 50-megawatt solar power plant in Umnugobi (South Gobi) province of Mongolia. The two sides will invest around USD 100 million in a solar power park located in Khanbogd soum (county) of Umnugobi province and the initial section of the plant is expected to be operational in the first half of 2018.

On his part, Ambassador Tugsbilguun expressed his full support to the joint venture and briefed Mr. Bennhold on the Mongolian Government’s policies in the field of energy. Moreover, they discussed the prospects of furthering cooperation in the field of renewable energy sector.