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Recently, the Asian Development Bank (ADB) provided a US$40 million loan to the Mongolian government for 41MW of distributed solar, wind, battery and heat pump systems
.
It is understood that this is the first project
in an Asian country.
The project will include an energy management system and will power about 260,000 people in remote and underdeveloped towns in western Mongolia, who currently rely on high-cost, highly polluting, carbon-intensive electricity
.
It was revealed that the loan was initially approved
in September.
ADB's $40 million is supplemented by grant cofinancing; The Strategic Climate Fund provided US$14.
6 million under the Expanded Renewable Energy Program for Low-Income Countries and US$6 million
from the Japan Consortium Credit Facility Fund.
In addition, the Government of Mongolia contributed $5.
6 million to the project.
"These projects will support the government's efforts to
increase the share of renewable energy, reduce CO2 emissions, and improve public financial resource mobilization and management," said the ADB Country Director for Mongolia.
They are also working closely with ADB's Mongolia Country Partnership Strategy to promote inclusive growth, improve access to services, and enhance environmental sustainability
.
”
:/, please indicate the source for reprinting)
Recently, the Asian Development Bank (ADB) provided a US$40 million loan to the Mongolian government for 41MW of distributed solar, wind, battery and heat pump systems
.
It is understood that this is the first project
in an Asian country.
The project will include an energy management system and will power about 260,000 people in remote and underdeveloped towns in western Mongolia, who currently rely on high-cost, highly polluting, carbon-intensive electricity
.
It was revealed that the loan was initially approved
in September.
ADB's $40 million is supplemented by grant cofinancing; The Strategic Climate Fund provided US$14.
6 million under the Expanded Renewable Energy Program for Low-Income Countries and US$6 million
from the Japan Consortium Credit Facility Fund.
In addition, the Government of Mongolia contributed $5.
6 million to the project.
"These projects will support the government's efforts to
increase the share of renewable energy, reduce CO2 emissions, and improve public financial resource mobilization and management," said the ADB Country Director for Mongolia.
They are also working closely with ADB's Mongolia Country Partnership Strategy to promote inclusive growth, improve access to services, and enhance environmental sustainability
.
”
:/, please indicate the source for reprinting)
/
