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South Korea and Mongolia Agree to Push for Power Grid and Railway Projects www.businesskorea.co.kr
South Korea and Mongolia are planning to further their cooperation in the Northeast Asian Super Grid Project and the East Asian Railway Community Project.
The super grid project is to connect China’s and Mongolia’s wind power and solar power and the Russian Far East region’s hydroelectric power and LNG to South Korea, North Korea and Japan. The railway community project is for railway connection between South Korea and Mongolia.
South Korean Prime Minister Lee Nak-yeon met with Mongolian Prime Minister Ukhnaa Khurelsukh in Ulaanbaatar on March 26. “Mongolia is a key partner for the South Korean government’s new northern policy and the government is looking forward to more cooperation with Mongolia in the two projects,” Lee said at the meeting.
“The super grid project is highly important for regional energy security and the Mongolian government is aiming to attract more infrastructure investment,” the Mongolian prime minister said in response, adding, “Mongolia provides full support for the two projects.”
The two countries are going to hold a conference in the near future so that details of the projects can be discussed in depth. In addition, they are going to work more closely with each other in the fields of environment, healthcare, culture and particulate matter reduction.
Published Date:2019-03-28
