Ulaanbaatar, Mongolia – MICC has released a new report entitled “From Megawatt Projects to Gigawatt Policy: Mongolia’s Energy Challenges and Opportunities” that analyzes the development of domestic power capacity. Constructing additional power generators has long been a priority for both the Mongolian government and international investors. Nearly 60 generators have been proposed in the last decade, yet no major project has been built since 1983. MICC finds the large number of projects under consideration to be, seemingly paradoxically, a major factor impeding Mongolia’s energy sector.
The current project pipeline stands as a major overcompensation from both market size and cost-effectiveness — one that actively harms the development of domestic capacity and, looking ahead, Mongolia’s ability to export energy to neighboring East Asian countries.
The full report is available here.