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Mongolia to Increase Renewable Energy Development, Xinhua Says

Nov. 12 (Bloomberg) -- Mongolia plans to increase the amount of energy produced from renewable sources, the country’s President Tsakhia Elbegdorj said Monday, according to China’s official Xinhua News Agency.

The country expects to produce 20 percent to 25 percent of its electricity from wind, solar and other renewable resources by 2020, Elbegdorj said at the Northeast Asia Renewable Energy Resources Cooperation Forum. He didn’t say how much renewable energy is produced now.

Mongolia has the potential to meet its entire domestic energy demand with renewable power, Elbegdorj said.

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To contact the reporter on this story: Ehren Goossens in New York at egoossens1@bloomberg.net

To contact the editor responsible for this story: Will Wade at wwade4@bloomberg.net

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