Renewable Energy and Improve Tax Administration in Mongolia to be developed with new projects

Oyundelger 2018-11-07 04:11

Economy

The Government of Mongolia and the Asian Development Bank (ADB) signed loan and grant agreements totaling 85.6 USD million for projects focused on developing the country’s first distributed renewabl

The Government of Mongolia and the Asian Development Bank (ADB) signed loan and grant agreements totaling 85.6 USD million for projects focused on developing the country’s first distributed renewable energy system and improving tax administration and public investment management using information and communications technology (ICT). The two projects will support the government’s efforts to raise the share of renewable energy, decrease carbon dioxide emissions, and improve public financial resource mobilization and management. The renewable energy loan will develop a 41 megawatt distributed renewable energy system—a first-of-its-kind in Mongolia—using solar photovoltaic and wind powers with advanced battery storage technology and energy management systems. The project will result in the supply of clean and reliable electricity to about 260,000 people in remote and less-developed towns in western Mongolia, who currently rely on high-cost and high-polluting carbon-intensive electricity. The second project will support the Mongolian Tax Authority in its tax collection efforts by streamlining processes for tax administration and public investment in line with international good practice. The USD25 million loan will establish an information system and provide required ICT infrastructure to host it. The project will also develop an ICT-based public investment management information system to help the government select the investment projects that will bring most benefits to the country and better manage them.