1 TUUL WATER COMPLEX PROJECT TO ENABLE STORAGE OF 50 MLN CUBIC METERS OF WATER WWW.MONTSAME.MN PUBLISHED:2026/01/22      2 SECURITIES WORTH 8.8 TRILLION MNT TRADED OVER 35 YEARS WWW.UBPOST.MN PUBLISHED:2026/01/22      3 DOES A CITY OF 1.6 MILLION REALLY NEED ANOTHER SPORTS COMPLEX? WWW.UBPOST.MN PUBLISHED:2026/01/22      4 DAMAGE TO TPP-4’S EIGHTH BOILER REPAIRED WWW.GOGO.MN PUBLISHED:2026/01/22      5 BUSINESS & HERITAGE PROGRAM IN PAKISTAN MARCH 30- APRIL 05. 2026 WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2026/01/22      6 GENERAL GOVERNMENT REVENUE AND GRANTS INCREASE BY MNT 1.2 TRILLION WWW.MONTSAME.MN PUBLISHED:2026/01/22      7 MONGOLIA'S INDUSTRIAL OUTPUT INCREASES 4.8 PCT IN 2025 WWW.XINHUANET.COM PUBLISHED:2026/01/22      8 CHP-4 BOILER DAMAGE TRIGGERS TEMPORARY POWER RESTRICTIONS WWW.MONTSAME.MN PUBLISHED:2026/01/22      9 TUGRUG DEPOSITS RISE BY MNT 4 TRILLION WWW.MONTSAME.MN PUBLISHED:2026/01/22      10 ‘BILLIONS OF TREES’: MONGOLIA’S NATIONAL MOVEMENT HITS 127.9 MLN TREES WWW.QAZINFORM.COM PUBLISHED:2026/01/22      МОНГОЛ УЛСЫГ ГИШҮҮНЭЭР УРЬСАН ТРАМПЫН ЭНХ ТАЙВНЫ ЗӨВЛӨЛД АЛЬ УЛС НЭГДЭХЭЭ МЭДЭГДСЭН БЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2026/01/22     ЕРӨНХИЙ САЙД Г.ЗАНДАНШАТАР БРИТАНИЙН ЕРӨНХИЙ САЙД АСАН ТОНИ БЛЭЙР НАР УУЛЗАВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/01/22     МОНГОЛД ЗОХИОГДОХ СОР 17 ХУРАЛД 10 МЯНГАН ГАДААДЫН ЗОЧИН ИРНЭ ГЭЖ ТООЦООЛЖ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2026/01/22     2025 ОНЫ 12-Р САРД МӨНГӨНИЙ НИЙЛҮҮЛЭЛТ 47.1 ИХ НАЯД ТӨГРӨГТ ХҮРЧ, ӨМНӨХ ОНООС 8.7 ХУВИАР ӨСЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2026/01/22     БИЗНЕС & ӨВ СОЁЛЫН ХӨТӨЛБӨР 2026 ОНЫ 03 САРЫН 30- НААС 4 САРЫН 05 ПАКИСТАН УЛС WWW.MONGOLIANBUSINESSDATABASE.COM НИЙТЭЛСЭН:2026/01/22     ОЮУ ТОЛГОЙН ОЛБОРЛОЛТ ТЭЛЖ, "РИО ТИНТО"-ГИЙН ЗЭСИЙН ҮЙЛДВЭРЛЭЛ ӨСЛӨӨ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/01/22     БӨӨРӨЛЖҮҮТ ЦАХИЛГААН СТАНЦ 256 МВТ ЭРЧИМ ХҮЧ ҮЙЛДВЭРЛЭЖ БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2026/01/22     ЕРӨНХИЙ САЙД Г.ЗАНДАНШАТАР ШВЕЙЦАРЫН ХОЛБООНЫ УЛСЫН ЕРӨНХИЙЛӨГЧТЭЙ ДАВОС ХОТНОО УУЛЗАВ WWW.GOGO.MN НИЙТЭЛСЭН:2026/01/22     ТӨСӨЛ: ГУРВААС ДЭЭШ ХҮҮХЭДТЭЙ ӨРХӨД ОРОН СУУЦ, ТАТВАРЫН ДЭМЖЛЭГ ҮЗҮҮЛНЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/01/22     МОНГОЛЫН 47 ИРГЭН ХАР ТАМХИНЫ ХЭРГЭЭР ХАРЬД ЯЛ ЭДЭЛЖ БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2026/01/22    

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Events

Events

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2025 London UK MBCCI London UK Goodman LLC

NEWS

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Tuul Water Complex Project to Enable Storage of 50 Mln Cubic Meters of Water www.montsame.mn

The Capital City Governor’s Office is planning to implement the Tuul Water Complex Project to collect rainfall and surface water.
An appropriate location for the complex has been selected in the upper reaches of the Tuul River at an elevation of 1,352 meters above sea level. According to the Capital City Governor’s Office, the site is close to the capital city, which will shorten the length of water transmission pipelines and reduce investment costs. In addition, the project will not affect protected forest areas or wildlife habitats. Engineering and geological studies have determined that the dam axis will be positioned perpendicular to the river flow, creating favorable natural conditions for self-cleaning by reducing sediment accumulation.
To cover a total area of 5,569 square meters, the water complex will feature integrated infrastructure,  including a reservoir, water transmission networks, and water treatment facilities. The reservoir dam will be 685.15 meters long and 35.8 meters high, with a maximum water depth of 19.84 meters. Exposed natural rock formations on the eastern bank and solid bedrock on the western bank are expected to provide favorable geological conditions, ensuring the structure’s stability and durability.
Once commissioned, the Tuul Water Complex will supply 50 million cubic meters of water annually for the capital’s needs and will also be able to store an additional 50 million cubic meters of water during periods of heavy rainfall. This will ensure a reliable water supply for the city’s growing population, help protect the Tuul River ecosystem, and support river flow during drought years, making the project strategically important.
Currently, Ulaanbaatar’s drinking water supply relies solely on deep groundwater sources, which carry the risk of depleting reserves. Experts have also warned that allowing rainwater to run off without storage contributes to water resource losses and increases flood risks.

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Securities worth 8.8 trillion MNT traded over 35 years www.ubpost.mn

A bell-ringing ceremony was held on January 19 at the Mongolian Stock Exchange (MSE) hall to mark the 35th anniversary of the establishment and development of the Exchange and the country’s capital market.
According to statistical data presented at the ceremony, securities worth a total of 8.8 trillion MNT have been traded over the past 35 years, including five trillion MNT in the primary market and 3.3 trillion MNT in the secondary market.
Opening the ceremony, Acting CEO of MSE D.Munkhbat congratulated Government representatives, senior experts and colleagues on the 35th anniversary of the exchange. He recalled that in line with Mongolia’s transition from a centrally planned economy to a market economy, the Government adopted Resolution No. 22 on January 18, 1991, establishing the Exchange to initiate state property privatization and develop the securities market.
He noted that under the Government’s privatization policy, 475 state-owned enterprises were transformed into joint-stock companies, and 96.1 million shares worth a total of 8.2 billion MNT were distributed to citizens through the MSE in the form of investment certificates. As a result, about 52 percent of Mongolia’s population, or 1.2 million people, became shareholders at that time. Primary securities trading officially began on February 7, 1992.
D.Munkhbat highlighted key milestones in the development of the capital market, including the first government bond trading in 1996, the calculation of the TOP-75 index in 1999, the launch of corporate bond trading in 2001, and the first initial public offering in 2005 by Mongol Shiltgeen LLC. In 2012, the capital market infrastructure was aligned with international standards through the introduction of the Millennium IT integrated trading, clearing, settlement, surveillance and depository system. That same year, Mongolia was placed on the FTSE “Emerging Market” watch list.
Further progress followed with the adoption of the revised Securities Market Law and the Investment Fund Law in 2013, the start of public privatization of state-owned assets through the stock exchange in 2016, and Mongolia’s inclusion in the FTSE Russell “Frontier Market” category in 2022. In the same year, the MSE became a public joint-stock company by offering 34 percent of its shares to the public. In recent years, notable achievements included the IPOs of systemically important banks in 2023, obtaining a license to operate the Mining Products Exchange, and the successful trading of local government bonds for the first time in 2024.
Speaking at the event, Head of the Securities Department of the Financial Regulatory Commission B.Dulguun congratulated market participants on the anniversary and emphasized that over the past 35 years, regulators and market professionals have worked closely together to build a securities market that meets international standards. He noted that the next decades of development will focus on strengthening cooperation among regulatory bodies, market infrastructure institutions, and intermediary organizations to transform Mongolia’s capital market into a regionally and internationally competitive one.

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Does a city of 1.6 million really need another sports complex? www.ubpost.mn

Approximately 65 percent of Ulaanbaatar’s population consists of young people, a demographic reality that places growing pressure on the city’s social and recreational infrastructure. Despite this, the capital still faces a shortage of properly developed leisure areas, as well as modern sports and cultural facilities that meet the needs of its residents. In this context, the proposed Ulaanbaatar Arena, a 74-million-USD project planned under a public-private partnership, has attracted significant public attention, though not without concern. Rather than generating widespread optimism, the initiative has prompted caution, largely due to the country’s experience with past publicly funded construction projects that were delayed, left incomplete, or never fully put into operation.
Questions have also been raised regarding the project’s overall necessity. Ulaanbaatar, home to approximately 1.6 million people, already has four large venues that meet international standards. Critics argue that before embarking on another major construction effort, the Government should clearly demonstrate why existing facilities are insufficient and how the new arena would provide added value. As public discussion continues, doubts remain about whether this project will avoid the shortcomings of earlier initiatives. Issues of transparency, long-term management, and effective use of public resources are central to the debate. Until these concerns are addressed in a clear and credible manner, public skepticism toward the Ulaanbaatar Arena is likely to endure.
It has potential to become an economic engine
To assess the relevance of the proposed Ulaanbaatar Arena, it is first necessary to clearly understand what an arena is, and how it differs from the conventional sports halls familiar to the public. The term “arena” originates from the Latin word harena, meaning sand, a reference to ancient Roman gladiatorial venues where sand was spread across the floor to absorb blood during combat. In the modern era, however, the concept of an arena has evolved far beyond its historical origins. Today, an arena is designed not merely as a space for athletic competitions, but as a multifunctional, self-sustaining business complex. Its primary purpose is to host a wide range of large-scale events, including international sporting tournaments, concerts, conferences, exhibitions, and cultural performances, often on a year-round basis.
A contemporary arena typically incorporates commercial infrastructure such as restaurants and cafes, fitness centers, retail outlets, VIP lounges, media facilities, and office spaces. These components are not secondary features but essential elements of the business model. They allow the arena to generate steady revenue regardless of whether major events are taking place, ensuring continuous economic activity rather than sporadic use.
By international standards, an arena is expected to function as an economic engine for the city in which it operates. It should attract foreign performers, athletes, investors, and visitors, stimulate surrounding businesses, and contribute to employment and tax revenue. Crucially, such facilities are not designed to depend on ongoing state subsidies. On the contrary, their viability is measured by their ability to finance operations, maintenance and future development through their own income. In Mongolia, however, this model has often failed to operate as intended. Large public facilities have frequently relied on government funding to cover operational costs, while commercial components remain underdeveloped or poorly managed. As a result, venues that should generate profit have instead become a financial burden on the state budget. This disconnect between international practice and domestic implementation lies at the heart of public concern surrounding new arena projects. Until this structural issue is addressed, through transparent planning, professional management, and a clear revenue strategy, any new arena risks repeating the same pattern, regardless of its scale or design.
The 74 million USD project and taxpayers’ concerns
The Government has recently announced its decision to construct the Ulaanbaatar Arena in partnership with Shunkhlai Holding, with a total investment of 74 million USD under a public-private partnership framework. According to officials, the project aligns with the long-term “Vision-2050” development policy and is intended to improve public health and overall quality of life by promoting healthy lifestyles and providing children and young people with a safe, constructive environment in which to spend their leisure time.
Under the proposed arrangement, financing for the project will be provided entirely by the private sector, while the Government will be responsible for land allocation and supporting infrastructure. The complex is scheduled to become operational in the third quarter of 2028 and is planned for construction on a three to five hectare site in either Chingeltei or Sukhbaatar District, within areas designated for land acquisition. 
According to preliminary plans, the arena will cover 20,000 to 35,000 square meters, accommodate 3,000 to 5,000 spectators, and host 150 to 200 events annually, attracting an estimated 200,000 to 300,000 visitors per year. Based on these projections, annual revenue is expected to reach 15 million to 26 million USD, with the private partner assuming full responsibility for the total investment.
These figures, however, are widely viewed as ambitious. Several risks merit closer examination. By international standards, the design, construction and commissioning of a facility of this scale typically require 24 to 36 months under optimal conditions. More importantly, when the country’s market size, household purchasing power, and patterns of attendance at cultural and entertainment events are realistically assessed, the expected return-on-investment period is likely to extend to eight to 12 years.
For a relatively small market such as Ulaanbaatar, such projections may be overly optimistic. If the project fails to achieve its revenue targets, there is a real risk that operational and maintenance costs could eventually fall on taxpayers, an outcome that would contradict the core principles of public-private partnerships.
At its core, an effective PPP model is designed to allocate resources efficiently and address genuine gaps in the market. From this perspective, some experts argue that rather than investing in another large, multi-purpose arena, greater public value might be generated by developing facilities currently absent in Mongolia, such as a modern water park or a comprehensive family entertainment complex. Such projects would respond directly to existing public demand, reduce the need for citizens to travel abroad for leisure and recreation, and help retain domestic spending within the national economy. In the absence of this market-driven approach, concerns will persist that the Ulaanbaatar Arena risks becoming another well-intentioned project whose economic assumptions fail to match reality.
State is not an effective manager 
Excessive state intervention has long been a subject of public criticism. Over the years, government involvement has extended into areas ranging from basic consumer goods to market-driven economic processes, often with mixed results. The cultural and sports sectors have not been immune to this tendency. Experience, however, has repeatedly shown that the state is rarely an effective manager in these fields. One clear example is the Buyant-Ukhaa Sports Complex. Although the facility has been in operation for more than 15 years, questions remain about its financial sustainability and commercial performance. State-run institutions generally lack the capacity to manage market risks, attract international artists and sporting events, or operate with the flexibility required to maintain consistent revenue streams. As a result, in recent years, the complex has largely been limited to hosting New Year’s celebrations and conferences organized by state-owned entities, falling short of its original potential.
Compounding this issue is a well-established pattern of construction projects becoming stalled or abandoned in line with election cycles. A notable case is the sports complex in the VIII khoroo of Khan-Uul District, built at a cost of 11.9 billion MNT but never put into operation. Construction began in 2017 as part of preparations for the Seventh International Children of Asia Sports Games and the East Asian Youth Sports Games. In 2019, the capital’s City Council adopted Resolution No. 65 and even established a state-owned joint-stock company, Ulaanbaatar Sports Management, to oversee the project.
At the time, senior officials, including then-President Kh.Battulga and successive mayors S.Amarsaikhan, S.Batbold and D.Sumiyabazar, publicly pledged that the facility would be completed and operational by 2022. These commitments, however, went unfulfilled. Construction came to a complete halt after the project’s management became the subject of an investigation by the Independent Authority Against Corruption, leaving the complex unused and symbolizing yet another stalled public investment. By contrast, the Steppe Arena (Ice Hall), developed during the same period by the private sector, was completed on schedule and opened as planned. Today, it stands as one of Ulaanbaatar’s most active venues, regularly hosting international events and serving as a key attraction for residents of the capital.
Taken together, these examples highlight the stark contrast between state-led projects that become mired in administrative and political uncertainty and privately developed facilities that operate under clear accountability and market discipline. The lesson is not that the state has no role to play, but that without effective management structures and clear boundaries, public involvement risks turning ambitious projects into costly and underutilized assets.
Focus should be on quality, not quantity
Ulaanbaatar currently has four major event facilities: M Bank Arena, ACA Arena, Buyant-Ukhaa Sports Complex, and Steppe Arena. In addition, each district and satellite city is equipped with smaller sports halls, while the Central Stadium and the Wrestling Palace continue to serve large public gatherings and national sporting events.
According to international planning standards, one large-scale arena is generally considered sufficient for every 500,000 residents. Based on this benchmark, Ulaanbaatar, with a population of approximately 1.6 million, can be viewed as adequately supplied. From a purely numerical standpoint, the existing infrastructure already meets current market demand. The core issue, however, lies not in the number of facilities, but in their management, accessibility, and location. The Buyant-Ukhaa Sports Complex, for instance, has a seating capacity of around 5,000, yet it has never been used consistently or to its full potential. Rather than functioning as a hub for sports, entertainment, and economic activity, it has remained underutilized and has delivered limited public or commercial benefit.
Location has played a decisive role in this outcome. The complex is situated 10 to 15 kilometers from the city center, in a capital where traffic congestion frequently results in complete standstills lasting several minutes at a time. For many residents, traveling such distances, particularly for evening events, is impractical. Compounding the problem are design and operational shortcomings, including an indoor climate that remains excessively cold even during the peak of summer.
In this context, the proposal to construct yet another arena with a capacity of 3,000 to 5,000 seats, even under a public-private partnership model, raises legitimate questions. Without addressing the fundamental challenges of location, management, and effective utilization, the addition of a new facility risks replicating existing inefficiencies rather than solving them. The debate, therefore, should not center on the ambition to build more, but on how to ensure that what already exists is accessible, professionally managed, and genuinely aligned with the needs of the city and its residents.
Risk of repeating the ‘white elephant’ mistake
In economic terms, a so-called “white elephant” refers to a facility that is costly to build and maintain but fails to generate sufficient returns, ultimately becoming a drain on the state budget. International experience offers numerous cautionary examples. Brazil, for instance, spent nearly 3 billion USD to construct stadiums for the 2014 FIFA World Cup. Today, the Manaus Arena alone reportedly requires 250,000 USD per month in operating costs, having long since lost its original purpose and become a persistent fiscal burden.
By contrast, the Chase Center in San Francisco presents a markedly different model. Built at a cost of 1.4 billion USD through 100 percent private investment, the venue operates without reliance on public funds. Rather than burdening taxpayers, it functions as a major contributor to the city’s economy, supporting employment, tourism, and related businesses.
There is little dispute that Ulaanbaatar needs modern, well-managed infrastructure. A contemporary arena, in principle, could play a meaningful role in the city’s cultural and economic life. The concern lies not with the idea itself, but with the risk of creating another inefficient asset, one vulnerable to political interference, stalled by election cycles, and sustained by public money rather than market demand. If the Ulaanbaatar Arena, with its proposed 74-million-USD price tag, is to succeed, the allocation of risk must be unambiguous. The private sector should bear full financial responsibility, while the Government’s role should be limited to policy support, regulation, and the creation of a stable business environment. Experience has repeatedly shown that when the state assumes the role of operator, outcomes tend to fall short. Ultimately, sustainable development is not achieved by the number of buildings constructed, but by the opportunities created around them. The focus, therefore, should be on enabling private initiative and sound management, not on expanding the state’s footprint in projects it is ill-equipped to run.

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Damage to TPP-4’s eighth boiler repaired www.gogo.mn

After a temporary malfunction that cut generation, the eighth boiler at TPP-4 has been repaired and the plant has returned to full operation, officials said.
A fault affecting TPP-4’s eighth boiler, combined with coal freezing on the feeder side at the Buuruljuut power plant, previously reduced generation capacity, reportedly dropping output from 300 MW to 120 MW and prompting two days of electricity restrictions in Ulaanbaatar.
As of January 21, 2026, the repair work on the eighth boiler was completed and TPP-4 is now operating at its rated capacity of 670 MW. All turbines and generators are running at full output, authorities said.
Officials warned the public that the plant has limited backup equipment and that any new damage to the aging facility could again force supply restrictions. The eighth boiler’s repair had originally been scheduled for summer 2026.

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Business & Heritage program in Pakistan March 30- April 05. 2026 www.mongolianbusinessdatabase.com

The Honorary Consul of Pakistan in Mongolia, in collaboration with the "Colours of Pakistan"  (www.coloursofpakistan.org), is currently registering Mongolian business and religious representatives for a specialized program in Pakistan from March 30 to April 5, 2026. This initiative is supported by the Embassy of Pakistan, Ms. A. Bolormaa (World Bank's Country Director for Pakistan), and Senator Mr.Mushahid Hussain.
Business Focus: A central event is the "Pakistan-Mongolia B2B Business Forum," designed to foster direct trade and investment links.
Cultural Significance: Participants will visit Gandhara heritage sites, which are historically recognized as the foundation of the Nyingma (Red Sect) school of Buddhism in Mongolia.
The registration will close on 15 February 2026. Please contact at 99066062 or/and contact@mongolianbusinessdatabase.com for the information in details.

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General Government Revenue and Grants Increase by MNT 1.2 Trillion www.montsame.mn

According to the preliminary results for 2025, general government revenue and grants reached MNT 32.6 trillion, an increase of 3.8 percent, or MNT 1.2 trillion, compared to the previous year. Balanced revenue and grants amounted to MNT 30.1 trillion, rising by 1.3 percent, or MNT 386.8 billion, year on year.
Meanwhile, total expenditure and net lending amounted to MNT 31.3 trillion last year, resulting in a balanced budget deficit of MNT 1.2 trillion, the National Statistics Office reported.
Tax revenue declined by 1.2 percent, or MNT 331.5 billion, to MNT 27.1 trillion in 2025. This decrease was mainly attributable to a 4.8 percent reduction in income tax revenue, equivalent to MNT 431.5 billion, and a 33.6 percent decline in royalties on mineral resources, amounting to MNT 1.2 trillion.
In contrast, social insurance revenue increased by 18.9 percent, or MNT 892.3 billion; value-added tax (VAT) revenue rose by 6.1 percent, or MNT 357.6 billion; property tax revenue grew by 32.3 percent, or MNT 148.3 billion; and revenue from foreign activities increased by 3.2 percent, or MNT 57.0 billion.
Last year, tax revenue consisted of 31.5 percent income taxes, 23.0 percent VAT, 20.8 percent social insurance contributions, 6.8 percent revenue from foreign activities, 3.5 percent excise taxes, and 14.4 percent other taxes, fees, and charges.
Of total income tax revenue, 66.3 percent was generated from corporate income tax, while 33.7 percent (including refunds) came from personal income tax.
General government expenditure and net lending reached MNT 31.3 trillion in 2025, marking a 2.3 percent increase, or MNT 698.1 billion, compared to the previous year. This was driven by a 5.3 percent rise in goods and services expenditure, equivalent to MNT 510.7 billion, and a 12.8 percent increase in current transfers, amounting to MNT 1.3 trillion. In the overall expenditure structure, current transfers accounted for 37.6 percent, goods and services for 32.2 percent, capital expenditure for 22.7 percent, interest payments for 5.0 percent, and subsidies for 2.6 percent.
Capital expenditure totaled MNT 7.1 trillion last year, down 11.0 percent, or MNT 880.3 billion, from the previous year. This decrease reflected a 26.0 percent reduction in equipment expenditure, or MNT 208.9 billion; a 3.2 percent decline in construction expenditure, or MNT 171.0 billion; and a 37.8 percent drop in other capital expenditures, equivalent to MNT 561.7 billion. In contrast, expenditure on major repairs increased by MNT 67.5 billion, or 21.4 percent.
Local government revenue reached MNT 7.6 trillion in 2025, up 7.2 percent, or MNT 516.1 billion, year on year. Total expenditure and net lending of local governments amounted to MNT 8.2 trillion, an increase of 12.5 percent, or MNT 905.5 billion. As a result, local budgets recorded a deficit of MNT 526.1 billion.

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Mongolia's industrial output increases 4.8 pct in 2025 www.xinhuanet.com

Mongolia's industrial output totaled 52.9 trillion Mongolian tugriks (14.8 billion U.S. dollars) in 2025, a 4.8 percent increase year-on-year, the country's National Statistics Office (NSO) said Wednesday.
This rise was mainly attributed to a significant increase in the output of main mining and extractive products and processing industry, the NSO said in a statement.
At present, the mining sector remains one of the main pillars of the Mongolian economy, as the country is rich in natural resources such as gold, silver, copper and coal.
Mining commodities, such as coal, copper and iron ore, constituted 99.2 percent of Mongolia's total exports in 2025, the data showed.

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CHP-4 Boiler Damage Triggers Temporary Power Restrictions www.montsame.mn

A malfunction occurred at Thermal Power Plant No. 4 (TPP-4) in Ulaanbaatar on January 20, 2026, resulting in temporary restrictions on electricity supply to consumers. According to Minister of Energy Choijilsuren Battogtokh repairs to the plant’s boiler have been completed, and 100 MW of capacity was restored in the morning. The plant is expected to return to normal operating conditions within the day.
The Minister noted that temporary power restrictions cannot be ruled out when equipment malfunctions occur at power plants.
Due to a shortage of electricity capacity, Ulaanbaatar Electricity Distribution Network SOE implemented scheduled power restrictions across districts yesterday. The Ministry of Energy reported that while TPP-4 was operating at full capacity without backup equipment, damage occurred to the boiler’s heating surface, forcing the plant to shut down and leading to restrictions on 161 MW of electricity consumption. As a result, the National Dispatching Center limited power supply for up to 1.5 hours in certain locations and urged consumers to adjust their electricity use accordingly.
In addition, coal being fed into the boiler at the Booroljuut Power Plant froze and caused a blockage on the evening of January 20, which reduced output by 120 MW, prompting wider power restrictions. Consequently, electricity consumption was temporarily limited for 371,174 households and 46,691 business entities, affecting a total of 417,865 consumers.
For the 2025–2026 winter season, the projected peak load of the Central Regional Integrated Power Grid is estimated at 1,800 MW, while actual demand reached 1,803 MW two days ago. Heat sources supplying Ulaanbaatar’s centralized heating system were planned to operate at a total load of 2,019 Gcal per hour; however, as of yesterday, they were operating at 2,055 Gcal per hour.
As of January 20, thermal power plants had an average coal reserve sufficient for 10 days, totaling 408,000 tons, while fuel oil reserves stood at 3,023 tons.
Minister Choijilsuren further stated that Mongolia imports up to 300 MW of electricity from the Russian Federation. However, due to extreme cold reaching minus 50 degrees Celsius in some areas of Russia, supply constraints may occur, though efforts will be made to resolve the issue. He added that since 2024, Mongolia has commissioned electricity generation sources totaling 560 MW, but this remains insufficient to meet demand, which is growing by approximately 12 percent annually. The commissioning of an additional 600 MW of capacity by 2027 would make it possible to fully meet Ulaanbaatar’s electricity demand, the Minister said.

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Tugrug Deposits Rise by MNT 4 Trillion www.montsame.mn

Tugrug deposits reached MNT 26 trillion at the end of December last year, increasing by 18.3 percent, or MNT 4 trillion, year-on-year, and by 5.5 percent, or MNT 1.4 trillion, compared to the previous month.
The National Statistics Office reported that 82.8 percent of tugrug deposits, or MNT 21.6 trillion, belonged to individuals, while 17.2 percent, or MNT 4.5 trillion, were deposits of enterprises and organizations.
Meanwhile, foreign currency deposits reached MNT 5.6 trillion, increasing by 16 percent, or MNT 776.3 billion, year-on-year, and by 4.1 percent, or MNT 222.2 billion, compared to the previous month.

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‘Billions of Trees’: Mongolia’s national movement hits 127.9 mln trees www.qazinform.com

The National Climate Committee, led by Deputy Prime Minister of Mongolia Gankhuyag Khassuuri, held a meeting. Those present reviewed and approved the work plan for 2026, Qazinform News Agency cites MONTSAME.
They focused on the Committee’s action plan for 2026 and efforts aimed at strengthening intersectoral coordination under Mongolia’s climate change national policy, and summed up the policies and activities carried out in 2024–2025.
According to reports, 127.9 million trees, or 8.32 percent, have been planted so far under the ‘Billions of Trees’ national movement. The initiative aims to plant 1.5 billion trees in total.
In addition, Khuvsgul, Zavkhan, and Dornod aimags completed forest management planning across 5.1 million hectares.
387,100 hectares in 75 soums of 13 aimags and the green zones of Ulaanbaatar with 1.3 billion trees were treated to prevent the spread of forest pests.
Besides, 165,000 trees were planted on 100 hectares in Arkhangai, Gobisumber, Uvurkhangai, and Khentii aimags as protective belts. To reduce desertification, land degradation, and sand movement, 264,000 trees were planted across 160 hectares in the Gobi and steppe regions.
Following the meeting, the National Climate Committee’s 2026 action plan was approved. Deputy Prime Minister of Mongolia Gankhuyag Khassuuri tasked the Committee to hold meetings regularly at least twice a year. He also assigned to submit the report on the development of the plan to the relevant authorities by December 15, 2026.
As written before, over 4,500 trees and shrubs to be planted in Mongolia ahead of COP17.

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