Coal to Cleaner Fuel Conversion for Heating in Ger District and Power Generation (ADB-48029-001)

Countries
  • Mongolia
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Canceled
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 4, 2014
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Mongolia, Ministry of Mining and Energy
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.35 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jul 10, 2020

Disclosed by Bank Sep 30, 2016


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Project Description

According to ADB website, the Interim Country Partnership Strategy 2014-2016 underscores the need to (i) address energy security and climate change adaptation challenges, (ii) improve livelihood through emission reduction, and (iii) promote clean energy. The TA will promote the utilization of cleaner fuel using abundant domestic coal resources, therefore, the air pollution and over-dependency on imports of petroleum products will be drastically improved for Mongolia. More job opportunities will be provided during CTL plants construction and operation.

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Project Officer: Lu, Lin
East Asia Department, ADB
No contact information provided at the time of disclosure.

Executing Agency: Ministry of Mining and Energy
L. Radnaasuren, Director
Fuel Policy Department
Email Address: radnaasuren@mm.gov.mn
United Nation's Street -5/2 Government Building II Ulaanbaatar-210646, Mongolia

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main