Does Mongolia need a coherent energy strategy?

A cohesive strategy aimed at improving the country’s energy sector has become a dire necessity. In November 2023, Mongolia experienced days of intermittent energy shortages.

How can Mongolia manage energy demand & prevent power outages?

To manage the energy demand and prevent power outages, Mongolia’s Energy Regulation Committee imported more energy from Russia and asked people to follow energy-saving practices. In 2024, energy experts and Mongolia’s global partners are urging the Mongolian government to prioritize the energy sector.

Will Mongolia prioritize the energy sector in 2024?

In 2024, energy experts and Mongolia’s global partners are urging the Mongolian government to prioritize the energy sector. On December 4, after a few days of electricity shortages, the Energy Regulation Committee released a utility report tracking the previous week’s energy usage. It highlighted a peak load of 1493 megawatts (MW) on November 30.

Are Mongolia's energy policies failing?

In an interview with Bloomberg Mongolia, economist Khashchuluun Chuluundorj highlighted decades of failed energy policies. He said, “Even ten years ago, Mongolian policymakers had the prognosis of increasing energy demand. There have been many project proposals and plans, but unfortunately, none of them have been implemented.”

Who is responsible for Mongolia's energy sector?

In order to ensure this, Prime Minister L. Oyun-Erdene of Mongolia has instructed Deputy Prime Minister and Minister of Economic Development Ch. Khurelbaatar and Energy Minister B. Choijilsuren to take all necessary measures.” Mongolia’s energy sector writ large is directly linked to Moscow’s energy capacity.

What are Mongolia's Energy goals?

The government of Mongolia has set targets to increase the share of generation capacity from renewable energy sources to 20% by 2023 and 30% by 2030, and to build export-oriented power plants.