Yesterday, the 7th National Renewable Energy Forum opened in Ulaanbaatar’s “Corporate Hotel”. This is the main energy sector forum and has been taking place since 2008. Regarding the directions of future energy policy, in June 2015, Mongolia approved a document entitled “General Measures to Develop Renewable Energy Until 2030”.
In 14th September 2015, eleven MP’s headed by S.Oyun presented a bill entitled “VAT and Custom Tax exemptions for renewable energy equipment”. Parliament approved this and it became law on 18th December 2015.
Ten companies have obtained special permission to construct energy solar and wind power facilities which will generate 600 megawatt. This includes one or two wind farms and a 10 megawatt solar energy plant – construction is likely to start later this year. It would, therefore, appear that everything is on target to meet the 20% renewable energy target by 2023 and 30% by 2030.