The Government meeting on Wednesday discussed several measures in the energy sector and approved a long-term plan for its development. It deals with issues such as loans earlier taken by state owned companies, and Baganuur and Shivee-Ovoo. With changes in the exchange rate, the companies find repayment difficult. The Government will now allocate money to the sector to pay off old debts.

Subsidies to state owned companies and Baganuur and Shivee-Ovoo will not be reduced in the next three years. New energy sources will be found and the capacity of power plants III and IV will be raised.

The Government hopes these companies will be in better financial health once their debts are paid off and arrear payments due from consumers are received.