Mongolian
During the World Economic Forum in Davos, Deputy Prime Minister of Mongolia and Chairman of the National Committee on Energy, Dorjkhand Togmid, held meetings with officials from several countries.
Saudi Arabia Reaffirms Interest in Mongolia’s Energy and Agricultural Sectors
Deputy Prime Minister T. Dorjkhand, participating in the World Economic Forum in Davos, met with Saudi Arabia’s Minister of Investment, Khalid A. Al-Falih. This meeting followed discussions initiated by Mongolian Prime Minister L. Oyun-Erdene during his visit to Saudi Arabia in December 2024, where green energy cooperation was a central topic. The parties explored advancing these discussions and expanding cooperation to other sectors.
Deputy Prime Minister Dorjkhand provided an overview of Mongolia’s 14 mega projects, the mining sector, and the investment environment. Minister Khalid A. Al-Falih expressed Saudi Arabia’s interest in investing in Mongolia, emphasizing the potential for collaboration in the energy sector. Both sides agreed to work towards negotiating and signing a memorandum of understanding on renewable energy cooperation between their governments.
Mongolia and the United Arab Emirates to Strengthen Bilateral Relations
Deputy Prime Minister T. Dorjkhand also met with Mohammad Abdullah Al Gergawi, Minister of Cabinet Affairs of the United Arab Emirates. The meeting focused on advancing discussions on renewable energy cooperation, which were initially addressed during Prime Minister L. Oyun-Erdene’s visit to the UAE in December 2024.
The parties discussed the potential for Mongolia to sign a memorandum of understanding with the UAE’s Ministry of Energy and Infrastructure and MASDAR, a leader in renewable energy. Minister Al Gergawi proposed establishing a Joint Economic Committee between the two countries and invited Deputy Prime Minister T. Dorjkhand to visit the UAE and participate in the World Government Summit in Dubai.
Mongolia Signs Memorandum of Understanding with Envision Group
The National Committee on Energy of Mongolia signed a memorandum of understanding with Envision Group, a global leader in green technology. The agreement includes plans for constructing a 500-megawatt energy storage plant in Mongolia, exporting renewable energy, and creating green jobs. These initiatives align with Mongolia’s “Vision-2050” long-term development policy and the New Recovery Policy.
Deputy Prime Minister T. Dorjkhand highlighted the importance of Envision Group’s innovative solutions in helping Mongolia fully utilize its renewable energy resources, develop a reliable energy infrastructure, and promote sustainable development. Zhang Lei, Chairman of the Board of Directors of Envision Group, expressed confidence that the partnership would support Mongolia’s climate change goals and accelerate economic development.
Envision Group, in collaboration with the International Finance Corporation, recently completed a 50MW/200MWh energy storage plant in the Baganuur district of Ulaanbaatar, which was handed over before the peak winter season.
