ULAANBAATAR, MONGOLIA (22 April 2020) — The Asian Development Bank (ADB) has approved a $100 million loan to help supply renewable energy to Mongolia by installing its first large-scale advanced battery energy storage system (BESS).
“Mongolia is among the most heavily coal dependent developing member countries of ADB, and its energy sector is the largest contributor to its greenhouse gas emissions, accounting for about two-thirds of the total,” said Director General of ADB’s East Asia Department James Lynch. “The project will lead to the decarbonization of the energy system in the country with increased penetration of renewable energy.”
In 2018, coal-fired combined heat and powerplants contributed to 93% of total power generation in the electricity grid. Mongolia’s rich renewable energy potential—such as wind and solar—is estimated to be equivalent to 2,600 gigawatts, which could fully meet the country’s future power demand. However, this rich potential has not been realized. The government aims to increase the share of renewable energy in total installed capacity from about 12% in 2018 to 20% by 2023 and 30% by 2030, in line with the State Policy on Energy, 2015–2030.
The project will install 125 megawatts of advanced BESS making it among the largest battery storage systems globally. The BESS will be resilient to Mongolia’s extremely cold climate and equipped with a battery energy management system enabling it to be charged entirely by renewable electricity. This will then discharge clean electricity to supply peaking power in the central energy system grid. The project will also provide regulation reserve to integrate additional renewable energy capacity in the transmission grid.
The country’s renewable energy capacity will be increased through the project, supplying 44 gigawatt-hours of clean peaking power annually on completion. The project will support the integration of an additional 859 gigawatt-hours of renewable electricity into the energy system grid, avoiding 842,039 tons of carbon dioxide emissions annually by 2025.
The project will also help strengthen the capacity of the National Dispatching Center to handle power dispatch and grid operations and of the National Power Transmission Grid to operate and maintain the BESS.
The total cost of the project is $114.95 million, of which $3 million is cofinanced by a grant from ADB’s High Level Technology Fund, financed by the Government of Japan. The government of Mongolia will provide $11.95 million toward the cost of the project, which is due for completion in September 2024.
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.
ADB Board of Governors has unanimously elected Masato Kanda as ADB''s 11th President.
The Asian Development Bank (ADB) is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. It assists its members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development.
AKIPRESS - First Deputy Governor of Ulaanbaatar Manduul Nyamandeleg and Accredited Representative of Envision Energy LLCZhibin Chen signed an agreement for the construction of a battery storage power station in Baganuur district of Ulaanbaatar on September 6, Montsame reports.
An international open tender for the construction of a battery storage power station in Baganuur district of Ulaanbaatar was announced on June 26 to prepare for the winter of 2024-2025, prevent electricity and heating shortages, and ensure uninterrupted power supply to consumers. Envision Energy LLC was selected as a contractor.
Once operational, the battery storage power station will play a key role in regulating the frequency of the central region''s energy system, alleviating peak winter load stress, and addressing capacity deficits.Additionally, the station will restore the system when the system needs it, whilethe battery storage power stationreduces greenhouse gas emissions as the station relies on renewable energy sources.
Ulaanbaatar-based Asian Battery Minerals, which was a participant in the 2023 BHP Xplor accelerator program and is targeting potential nickel deposits in Mongolia, joined forces with Getech, a locator of subsurface resources, and just completed an initial round of exploration work.
Getech employed methodologies such as terrain and structural analysis, and gravity and magnetics data analysis to provide an extensive report assessing the structural and paleotectonic elements in the exploration area of interest.
The miner’s Oval Ni-Cu-PGE project is a magmatic mafic sulphide deposit where ABM believes there''s great economic potential, due to its vicinity to several large metal deposits in China.
The results from the collaboration with Getech are expected to allow ABM to enhance its exploration strategy as Getech''s data encompasses 400 million years of earth’s evolution, coupled with geoscience expertise, AI-driven analytics and extensive GIS capabilities.
"While we are known to have extensive experience in mineral exploration for sedimentary basin ores, this project focused on ‘hard rock’ exploration. This challenge proved that our mineral systems analysis capabilities and data extend into deeper and older deposits such as magmatic nickel," Richard Bennett, Getech''s executive chairman, said in a media statement. "Leveraging our proprietary data amassed over 30 years and our geological exploration expertise, complemented by AI-driven analytics, we can successfully locate potential new search spaces for a wide range of minerals."
Bennett noted that nickel, with its unique properties, is the keystone for a wide array of clean energy technologies and plays a pivotal role not only in geothermal technologies, batteries for electric vehicles and energy storage systems but also in hydrogen, hydro, wind and concentrating solar power technologies.
According to a report by McKinsey, the world could be facing a nickel shortage of 10-20% by the end of this decade, thus, exploration for nickel has become an imperative part of the energy transition.
Өнөөдөр:
Сайтын бүтэц Холбоо барих хаяг И-Мэйл шалгах Вэб холбоос English
Bid results for the Bid No.: 001-2022 BESS, “Design, Supply, Installation and Commissioning of the 80MW/200MWh Battery Energy Storage System Plus 2 years of Start-Up Operation Support
Loan/Grant No. and Title:
ADB Loan 3874, G-0696 MON: First Utility-Scale Energy Storage Project
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