‘Ulaanbaatar District Heating Project’ signed

2020-01-13 12:06:19

Ulaanbaatar/MONTSAME/. ‘Ulaanbaatar District Heating Project’ was signed on January 10 within the general financial agreement established between the government of Mongolia and European Bank for Reconstruction and Development (EBRD).

From Mongolian side, Minister of Finance Ch.Khurelbaatar signed the loan agreement and Executive Director of Ulaanbaatar District Heating Company (UBDH) G.Bayarsaikhan signed the project agreement.   

With the soft loan worth USD10 million and grant worth USD5 million, the project to be implemented in 2020-2024 will focus on modernizing the city’s heating infrastructure, expanding the scope of heating supply by installing heating equipment to newly planned areas of the city, expanding SCADA control system as well as others.   

Within EBRD’s technical cooperation, USD1.6 million was decided to be spent on capacity building of the UBDH and conducting renewable energy research.