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Large scale battery storage system to be installed in central energy system grid www.montsame.mn
Ulaanbaatar /MONTSAME/ At its regular meeting on May 13, the Cabinet approved the draft loan agreement of the First Utility-Scale Energy Storage Project to be implemented jointly by the Government of Mongolia and the Asian Development Bank and authorized Minister of Finance Ch.Khurelbaatar to establish the loan agreement with ADB.
ADB is providing a soft loan of USD 100 million for the implementation of the project that aims to install large scale battery storage system in the central energy system (CES) grid to ensure stability and safety of the central energy system.
Mongolia’s electricity demand increases by 5 percent or 50 MW during peak periods every year and the power facilities cope with the demand by working at full capacity. Therefore, the project will open up an opportunity for the country to improve its energy independence, support renewable energy use, keep a balance between energy production and consumption, and reduce energy inefficiency.
Published Date:2020-05-14
