Views exchanged on development of Tavantolgoi project

Economy | Mining
2021-04-29 16:12:40

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.