Master plan to define sustainable development of energy sectorEconomy
Ulaanbaatar /MONTSAME/. A seminar under the theme, ‘Master Plan of the Mongolian Energy Sector’, took place in the frameworks of partnership for sustainable development at the Shangri-La Hotel.
Organized by the Ministry of Energy, the seminar’s objectives are to define future prospects of the Mongolian energy sector based on the current issues that have arisen in implementing policies and possible solutions, as well as defining a clear path for sustainable development. The government’s objectives for the energy sector and the sector’s priorities for the short, mid and long term will also be defined.
Ministry of Energy Ts.Davaasuren and Director of the World Bank Energy and Extractives Global Practice Ranjit Lamech gave opening remarks at the start of the seminar.
The Master plan’s high priorities include milestone investment, supply and demand of commodities, research on current state of thermal and electricity consumption, comparative study between the objectives and achievements of the policy and strategy that are being implemented in the sector, assessment of tariffs and other negative influences and improving the methods of investment in the sector.
The current issues and opportunities of the Mongolian energy sector has been discussed. While there are numerous issues, such as the increase of demand in heat and electricity, air pollution, greenhouse gas emission, aging of infrastructure, weak correlation between the mining sector as well as the financial state of the sector, many opportunities have also been found for the sector, such as improving the reliability of energy supply, exporting energy, the development of renewable energy and increasing output. The Master plan’s main objective is to put these opportunities into use and defining the path for sustainable development.