In 2015, the energy companies and power plants produced an income of MNT 595.5 billion. A solid balance sheet is essential for ensuring national energy security. The energy supply networks and plants are optimist, that they will be able to modernize and repair the plants.
Mr S.Tumurkhuu, director of the Ulaanbaatar Power Supply Network noted that: “power generation revenue has been lower than the cost of using the phone and watching TV. For example: the power sector has earned MNT 416 billion in 2013; the IT, Post and Telephone Authority earned MNT 784 billion”.
Compared to its two neighbors, Mongolia provides much cheaper energy – Russia, with its huge energy reserves, is four times more expensive than Mongolia; China is three times so.