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The European Financial institution for Reconstruction and Improvement (EBRD) is enhancing the pliability and reliability of {the electrical} grid in Mongolia and growing its capacity to soak up vitality produced by renewable sources.
An EBRD sovereign mortgage of as much as US$ 62.8 million and capital grant of as much as €5 million will assist construct and fee a 220-kilometre double-circuit 220kV transmission line between the cities of Sainshand and Choir. They can even fund a brand new 220/110/35 kV substation in Sainshand and improve the capability of the same substation in Choir. The challenge can be being supported by the European Union (EU) Asia and Pacific Funding Facility, which is anticipated to offer a capital grant of as much as €8 million.
The challenge will contribute to the decarbonization of Mongolia, the place fossil fuel-based energy era stays dominant. As soon as up and operating, the transmission line will assist reduce annual CO2 emissions by 140,000 tonnes by lowering electrical energy transmission losses and growing the absorption of renewable vitality.
Throughout the context of the challenge, Mongolia will develop a brand new coaching program that may allow younger men and women to realize electrical engineering abilities, boosting their employment alternatives.
To this point, the EBRD has invested virtually €2.2 billion in Mongolia’s financial system by way of 126 initiatives.
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