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USD 30 million granted to the energy sector of Mongolia

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B.Enkhbat
2015-11-23
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USD 30 million granted to the energy sector of Mongolia

State Secretary of Ministry of Energy Mr. D.Delgertsogt and other representatives participated in sub-committee’s meeting of “Scaling Up Renewable Energy in Low income countries Program” or “SREP” held in Washington DC by Climate Investment Funds.

At the meeting, the delegates discussed the 2015-second half report of SREP and investment plan of Mongolia, Uganda Bangladesh.

Mr. D.Delgertsogt highlighted at the meeting: “Mongolia developed the investment program according to the requirements of the program, and is working on improving legal environment regarding the issue. The meeting dedicated to the energy sector will be held during ASEM 11th SUMMIT, as the country set the objective to supply energy to north-eastern Asian countries by developing renewable energy.”

SREP made the decision to grant US 30 million to the Government of Mongolia in order to support the implementation of Mongolia’s renewable energy investment program, after Mr.Angarag introduced the country’s plan in energy sector at the meeting.

The $796 million Scaling Up Renewable Energy in Low Income Countries Program (SREP) is a funding window of the $8.1 billion Climate Investment Funds. It was established to scale up the deployment of renewable energy solutions in the world’s poorest countries to increase energy access and economic opportunities.

Public Relations and Media Department of the Government of Mongolia

Photo source: www.climateinvestmentfunds.org

State Secretary of Ministry of Energy Mr. D.Delgertsogt and other representatives participated in sub-committee’s meeting of “Scaling Up Renewable Energy in Low income countries Program” or “SREP” held in Washington DC by Climate Investment Funds.

At the meeting, the delegates discussed the 2015-second half report of SREP and investment plan of Mongolia, Uganda Bangladesh.

Mr. D.Delgertsogt highlighted at the meeting: “Mongolia developed the investment program according to the requirements of the program, and is working on improving legal environment regarding the issue. The meeting dedicated to the energy sector will be held during ASEM 11th SUMMIT, as the country set the objective to supply energy to north-eastern Asian countries by developing renewable energy.”

SREP made the decision to grant US 30 million to the Government of Mongolia in order to support the implementation of Mongolia’s renewable energy investment program, after Mr.Angarag introduced the country’s plan in energy sector at the meeting.

The $796 million Scaling Up Renewable Energy in Low Income Countries Program (SREP) is a funding window of the $8.1 billion Climate Investment Funds. It was established to scale up the deployment of renewable energy solutions in the world’s poorest countries to increase energy access and economic opportunities.

Public Relations and Media Department of the Government of Mongolia

Photo source: www.climateinvestmentfunds.org

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B.Enkhbat
Category
Economy
Published
2015-11-23


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