Ulaanbaatar
Materials for renewable energy facilities to be freed from import tax
PoliticsUlaanbaatar /MONTSAME/ The cabinet meeting on Monday approved of a list of equipment, facilities and accessories, used in renewable energy production and scientific works, that will be exempted from customs tax and VAT.
As of present, the whole capability of all energy providers in Mongolia is estimated at 967 MWatt, and only its four percent generated by renewable energy sources. The Regulatory Committee of Energy (RCE) has given permissions to five projects on wind farm and six projects on solar energy.
In near future, a capasity of the renewable energy sources such as solar, wind and hydro energy is expected to increase, and a size of investments to this energy industry will reach USD one billion.
It is considered that Mongolia needs to support productions of solar energy and to exempt the necessary materials for renewable energy productions from taxes.
