Mongolian energy industry: filling in the gaps
Mongolia is attracting great interest thanks to its astonishing, barely exploited mineral wealth and its rapid economic development: the International Monetary Fund forecasts Mongolia’s gross domestic product will grow on average by 14 per cent every year between now and 2016.
Its economic transformation brings with it a critical need to modernise the country’s ageing energy infrastructure and expand its power and heat distribution systems. Since the third quarter of 2009, indigenous power generation has failed to meet Mongolia’s ever-increasing electricity needs.
The government of Mongolia and the private sector are actively addressing this shortfall. Significant opportunities exist for developers and financiers looking to participate in the modernisation of the country’s energy sector through a range of procurement methods, including public-private partnership or purely private financing models…
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