Mongolia will further improve its investment environment of
the energy sector and encourage private enterprises to invest in this field,
Energy Minister D. Zorigt said Tuesday.

Speaking at an international conference titled “Mongolian Power
2012,” the minister said the Mongolian government will make greater
efforts to push forward development of the country”s wind power and coal
resources.

Lawmaker Ts. Tsengel outlined several measures to promote healthy development
of the energy sector by solving the constraints existing in the energy sector.

In order to resolve the accumulated arrears between coal mines and energy
companies, he said, measures have to be taken to improve financial-economic
capability of fuel and energy companies, such as giving subsidy to these
companies out of the state budget.

The two-day conference, organized by the Ministry of Mineral Resources and
Energy, drew representatives from over 90 international financial institutions
and companies, including the Asian Development Bank, the United Nations
Development Programme.

The meeting focuses on such subjects as the development of the Mongolian
sustainable energy and the investment and technology development prospects of
the sector.

Mongolia boasts rich wind and solar power resources and the country plans to
make the renewable energy output account for 20 to 25 percent of its total
energy production by 2020.