|

Ulaanbaatar Energy Charter Forum held

Trans. by B.MENDBAYAR

The Ulaanbaatar Energy Charter Forum, themed “Developing Renewable Energy across Gobitec and Asian Super Grid in Northeast Asia”, was held at Tuushin Premier Hotel on June 26. The President of Mongolia, Ts.Elbegdorj, Minister of Energy M.Sonompil and the Secretary General of Energy Charter Secretariat Urban Rusnak delivered the opening remarks.
During the morning session, representatives from Russia, China, South Korea and Japan made presentations entitled “Why and how to attract large-scale investments in wind and solar projects in the Gobi desert” and led a discussion. The Gobi Desert, shared by Mongolia and China, is estimated to be the third largest potential source of solar energy in the world, and with steady, strong wind speeds, it’s an ideal place for both solar and wind power plant projects. The Gobitec initiative aims to boost production of clean energy from renewable energy sources in the Gobi and deliver electricity to regions with high energy demands. This session of the forum discussed how the renewable energy potential of the Gobi could be utilized to support local economies and contribute to meeting the rising energy demand of Northeast Asia.
During the afternoon session, Director of Invest Mongolia Agency J.Javkhlanbaatar, CEO of Clean Energy Asia LLC and Newcom Group D.Gankhuyag, and Director of the Renewable Energy Division of the Ministry of Energy M.Angarag made presentations themed “Implications of new Investment Law and business opportunities in Mongolia”, “Successes and challenges faced by the business sector to develop wind farms in Mongolia”, and “How to invest in the solar power potential of the Gobi Desert”.
Having planned to deliver electricity to demand centers via regional power corridors, the Asian Super Grid initiative is aimed at connecting the energy networks of countries in Northeast Asia.
The Gobi and Siberia, with strong hydropower potential, are considered to be ideal regions for developing renewable energy sources, but the regions are very isolated. The first cross-border interconnections will eventually develop into the Asian Super Grid and will allow countries in Northeast Asia to freely exchange electricity in the future, and it is believed it will provide large economic, social and environmental benefits. Business sector representatives attended this session of the forum and discussed current and prospective projects of cross-border interconnections among the countries in the region.

Short URL: http://ubpost.mongolnews.mn/?p=10348

Posted by on Jul 1 2014. Filed under Business & Economics. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

Comments are closed

Recently Commented

  • Oyun: www.theblueeconomy.org
  • Honheree: It is a sad and awful sight to see so many animals dead from dzuds. These have happened in the past and since 2004 there have...
  • Harvey Dent: Mongolia does not get 476,000 tourists a year. Its gets 476,000 arrivals, most of these are Chinese construction workers....
  • Honheree: It is good but unusual that a Mongolian is so forthright. I am D. Ganbold will be criticised by Mongolians for telling the...
  • Honheree: Be thankful Mongolia is so cheap. In USA lamb in stores costs 69,281 MNT /kg and sirloin which is cheaper cut of beef is...