Ulaanbaatar
Views exchanged on development of Tavantolgoi project
Economy | Mining
Ulaanbaatar /MONTSAME/ CEO of ‘Erdenes Mongol’ LLC
D.Khayankhyarvaa virtually met with Ambassador of the French Republic to
Mongolia Philippe Merlin, exchanging views on a pilot project on the production
by ‘Badrakh Energy’ LLC and the development of Tavantolgoi project.
Noting that he is paying attention to forwarding the project
being realized by the Company, CEO D.Khayankhyarvaa informed that the draft
bill on the Sovereign Wealth Fund has been developed by accurately studying about
the world’s largest sovereign wealth funds. Furthermore, construction of
Tavantolgoi power plant was included in the Government Action Plan. “And it is
important to attract foreign investment in the project.”
Ambassador Philippe Merlin underscored that the sides are
making efforts to activate the operation of ‘Badrakh Energy’ LLC and forward
the planned project.
France does not have a Sovereign Wealth Fund, however, there
are specialized organizations with many years of experience in managing government
funds and national savings, cited the Ambassador. He also emphasized the
possibility for some French companies to share experience and partner with
Tavantolgoi project in creating financing scheme.
