MONGOLIA AND CHINA HOLD ENERGY SECTOR MEETING

Ulaanbaatar /MONTSAME/ The first Mongolia-China energy sector consultative meeting ran October 23 in Beijing. Discussed there were issues such as energy trade, renewable energy, and financing of the power stations to be built on Mongolia’s major coal mines. The action was organized in a scope of the memorandum, inked during the visit of Mongolia’s former Minister of Energy to China in May this year. According to the memorandum, the two sides will hold such consultative meetings regularly and expand cooperation in the energy sphere. The meeting was chaired by D.Delgertsogt, acting state secretary of the Ministry of Mining and Energy of Mongolia, and by Zhang Yuqing, deputy chief of China National Energy Administration. The gathered reached general understandings on some issues, reflected in the bilateral official documents, namely, the Agreement on Medium- and Long-term Comprehensive Strategic Partnership and the Memorandum between the former Minister of Energy of Mongolia and China National Energy administration. The issues included matters on bilateral energy trade, renewable energy and others. The sides also agreed to establish a group of experts to draw Chinese investments for the large capacity power station to be built on a coal mine.