Current regulations on the renewable energy law of Mongolia and investment
opportunities
Mongolia’s total renewable energy potential is 2600 gigawatts (GW), over 1000 times larger than the 1.6 GW installed capacity of Mongolia’s electricity system. In the decades ahead, this potential could be harnessed through the vast solar and wind resources of Mongolia’s Gobi Desert. With the effective development of energy transmission infrastructure, these resources could not only meet domestic energy consumption but also fulfill the energy demands of the Northeastern Asian region. Despite its vast renewable energy potential, Mongolia currently depends on coal-fired thermal power plants for about 90 percent of its electricity production. Coal is also the primary source of heating. As a result, the energy sector is the major contributor to significant greenhouse gas emissions and severe air pollution in the country. The amount of electricity produced in Mongolia in 2023 was about 8528 million kWh, an increase of 3.3% or 349.7 million kWh over the year before. The majority of electricity produced, 90.9%, came from combined heat and power plants; the remaining 8.5% came from solar and wind power, 0.6% from hydropower sources, and 0.01% from diesel generators. In addition, the amount of power imported during the reporting period was 2447.6 million kWh, which represents a 13.2% increase over the previous year by 286.3 million kWh.[2]
For further information, please contact V. Bolormaa, GRATA International Law Firm Partner at bvolodya@gratanet.com, and Junior Associate Kh.Enkh-Uchral at ekhurelbaatar@gratanet.com or +976 70155031.
GRATA International in Mongolia is part of the global law firm, which has offices in 20 other nations. This legal material is not a thorough examination of any particular problems; rather, it is meant to provide general knowledge. Before making any decisions, the reader should consult a professional for advice that is suitable to their situation (s). Any consequences or damages resulting from the use of this legal information are not our responsibility.
