President delivers speech at Northeast Asia Regional Power System Interconnection
PoliticsUlaanbaatar/MONTSAME/
Today, March 1, President Khaltmaagiin Battulga delivered a speech at ‘Northeast Asia
Regional Power System Interconnection’ stakeholders meeting in Ulaanbaatar city.
He said, “Defining
the roadmap for the regional energy cooperation is an important step in
creating an interconnected Northeast Asian power system. During the Eastern
Economic Forum that took place in the Russian Federation in September 2018, I
have proposed to establish an organization in Ulaanbaatar that has the purpose
of intensifying and coordinating the Northeast Asian Super Grid project. This
project will provide electricity to the Northeast Asian countries, and not only
alleviate the peak-hour pressure off these countries, but provide solution to
the optimal utilization of their resources.
I have seen
from your researches that the economic relevance of this power super grid is
extremely high. This regional power system interconnection offers the most
innovative solution in terms of optimizing the electricity production
resources, capacity, ultra-high-voltage transmission, and consumers. For
example, Mongolia has the potential of producing electricity for 6 cents per
kWh, which is three times cheaper than what some of the countries are paying in
this region.
As a result of
the discussions you are having today, electricity could reach its customers at
a much reduced rate. This would have an enormous positive impact on the quality
of life of the end consumers in our countries.
In the past,
Russia, China, Japan, South Korea, Mongolia as well as the United Nations have
all conducted numerous researches and held frequent conferences each on their
own. Researchers have pointed out that the fact that this initiative is
stalling is due to the low political trust between our countries in the
Northeast Asia region.
Mongolia not
only has a high level of political understanding with our neighboring and
regional countries, but we do not have any dispute with any country at the
international level. Mongolia has the necessary prerequisites to successfully
implement this project.
With regard to
the source of power, Mongolia has abundant resources and vast territory.
Because we have more than 300 days of sunshine per year, Mongolia’s production
of solar power, in conjunction with wind, coal-powered, and other types of
electricity, could alleviate the peak-hour pressure in countries like Japan and
South Korea that arise due to the time difference and seasonal factors. There
could even be possibilities of Mongolia assuming the role of power storage for
other nations.
As the usage of clean and renewable energy is a humane way of protecting our nature and earth, we are confident that citizens of all our nations will support this initiative. I also hope that the international financial institutions such as the Asian Development Bank will back this initiative through extending credit line and offering investment.”
source: president.mn