Joint projects with Asian Development Bank to be implemented

2018-10-17 16:31:49

Ulaanbaatar /MONTSAME/ The Cabinet had its regular meeting today, October 17. At the meeting, Finance Minister was entitled to sign loan agreements on Transparency and Efficiency in Public Financial Management and Upscaling Renewable Energy Sector projects to be co-implemented with the Asian Development Bank.

Within Transparency and Efficiency in Public Financial Management project, works targeted to strengthen IT infrastructure of tax department and improve budget planning, monitoring and capacity will be carried out.  

The purpose of Upscaling Renewable Energy Sector project is to improve energy supply of western region or Altai-Uliastai energy system. In frame of it, it is planned to erect 5 mWt and 10mWt wind farms as well as 5 mWt and two 10 mWt solar power plants and to create renewable energy source through installing ground source heat pumps.