Friday 9 March 2012

Construction on Mongolia’s first wind farm due to Start in April

ubpost.mongolnews.mn
8 Mar 2012

The website upi.com reports that the Newcom Group, the Mongolian investment firm responsible for the construction of the wind farm, will begin construction next month. General Electric International Inc. (GE) supplied over 30 wind turbines The wind farms will produce up to 5% of Mongolia's total electricity. The wind farm, which will produce 168.5 million kWs of electricity per hour, is located near Ulaanbaatar in Salkhit, and will be completed by the end of 2012. The National Renewable Energy Center of Mongolia reports that Mongolia has the potential of producing 2,550 terawatts hours per year. As a country with rapidly developing mining sector, Mongolian energy consumption is estimated to double in the next two years.

B. Byambasaikhan, CEO of Newcom Group, said in an interview with The New York Times, "People say 80% of the Mongolian underground is full of coal. But the whole Mongolian territory is full of wind power. We will stop the Government monopoly on the energy supply". He added that he is confident the facility will run smoothly and he aims to boost wind capacity in the country 20 times by 2025. GE has said that its participation in Salkhit underscores the company's "commitment to grow in one of the most challenging yet fastest-growing emerging regions. Last May, GE opened a representative office in Ulaanbaatar In 2010 GE and Newcom Group signed an agreement to explore alliances in key areas such as energy, water, mining, aviation, railway, lighting, and healthcare.

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