Austria to cooperate in increasing renewable energy source


The Minister of Energy, M.Sonompil, is paying a working visit to Austria at the invitation of its Federal Minister of Economy, Family, and Youth, Reinhold Mitterlehner.

The counterparts held a meeting yesterday to discuss the economy and the energy sector of Mongolia, particularly the issue of renewable energy. During the meeting, Minister Mitterlehner discussed the current Austrian economic situation and emphasized Austria’s willingness to develop the two country’s friendship by boosting mutual economic cooperation and launching various economy-oriented projects.

Minister M.Sonompil, who is also the Chairman of the Mongolia-Austria Intergovernmental Commission, conveyed Mongolia’s interest for the Austrian government to reconsider and review its decision to grant Mongolia 40 million EUR in soft loan, as discussed in the 4th intergovernmental commission meeting held in 2010.

He also mentioned that, back then, the Memorandum of Understanding (MoU) was signed to invest in projects and programs in health, energy, and infrastructure with that loan. He then propositioned to implement a project to build a power plant with advanced Austrian technology.

The Austrian Minister acknowledged the proposal, and he emphasized that both sides should give proper attention to the spending of the soft loan in order for it to be of much benefit.  In addition, he stated that some Austrian companies have expressed an interest to invest in the construction of a hydro-electric power station in Mongolia.

During the meeting, the counterparts inked the MoU to deepen cooperation between the Mongolian Ministry of Energy and the Austrian Ministry of Economy, Family, and Youth. Within the framework of the MoU, Mongolia and Austria will collaborate in the energy sector, especially in increasing the sources of renewable energy and in enhancing energy output.

Moreover, both sides signed an agreement to involve the University of Montana in Austria to introduce new technology, promote sustainable development, and implement activities that will protect nature and the environment.

This year marks the 50th anniversary of diplomatic relations between Mongolia and Austria. In celebration of this anniversary, the 5th intergovernmental commission meeting will be held in Ulaanbaatar on July 8 and 9.

The working visit of Minister M.Sonompil is still ongoing. In the scope of his visit, he is expected to meet with the Austrian Parliament member in charge of energy as well as other high-ranking businessmen. He will then be introduced to the operations of a hydro-electric power plant and a power plant which generates energy by using waste.

Austria is the leading European Union country in renewable energy usage and generates 72 percent its domestic energy generation from hydro-electric power plants and biomass.

Short URL: http://ubpost.mongolnews.mn/?p=4308

Posted by on May 24 2013. Filed under Politics. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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