Mongolia to sell electricity to China
Mongolia is to sell electricity to China.
Mongolia is to sell electricity to China. Prospects for future Mongolia-China shipments of energy equipment have improved now that the head of China’s largest power distributor, State Grid, has told Mongolian government leaders that China is ready to buy electricity. Strengthening energy cooperation and promoting development of a cross-border power grid to serve Northeast Asia were discussed during the recent talks in the Mongolian capital Ulaanbaatar between the head of the Mongolian parliament and Chinese State Grid Chairman Liu Zhenya. Mongolia and China may work together to supply a regional power grid if they agree to a proposal for a jointly built and operated power plant called Shiwee Owoo. In April, the two sides agreed to study the feasibility of the US$12 billion construction project, which would provide 25,000 jobs and take five years to complete. Moreover, the statement said, without elaborating, that the Mongolian government proposed to establish a Mongolia-China-Russia Infrastructure Research Center to promote cooperation in highways, railways, aviation and energy. Mongolia is building power plants in hopes of weaning itself from the need to import electricity from China and Russia to meet domestic demand, according to a 2015 report by Oxford Business Group. State Grid noted Mongolia is rich in coal, with proven reserves of 152 billion tons that could be tapped to fuel future power stations.
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