Mongolia and South Korea on April 24, 2010 signed a cooperation agreement to build a waste recycling plant in Ulaanbaatar. The implementing parties are the Ulaanbaatar municipal administration and the Korea International Cooperation Agency.

The plant, to be completed in 2011 at a cost of USD3.5 million, will sort out, recycle and burn combustible wastes to generate power. It will be located in the suburbs of the city.

Municipal authorities have conducted feasibility studies for the construction of a waste recycling plant in the city, which has a population of just over 1 million. Founded in 1639, it has become Mongolia“s financial, industrial and cultural center, with the country”s manufacturers clustered in it.