AGP Executive Report
Last update: 8 hours agoIndia–Mongolia Strategic Push: External Affairs Minister S. Jaishankar met Mongolia’s FM Battsetseg Batmunkh in Ulaanbaatar, reviewing development, capacity building, security and multilateral work, while flagging new opportunities in mining, clean energy and agri-processing. Solar Power Tender: Mongolia launched a tender for 110 MW solar plus BESS (52 MW/188 MWh total), with plants across aimags and grid connections via existing substations. Oil Refinery Progress: Construction of Mongolia’s first large oil refinery in Dornogovi is advancing toward a Q2 2028 commissioning target, with EPC packages at varying readiness levels and pipeline completion reported at 89.8%. Mining Jobs & Operations: Erdenes Tavantolgoi’s Borteeg deposit operations began (June 20 launch), aiming to kick off large-scale activity in the Gobi and support jobs. Grid Build-Out in the Region: Inner Mongolia started a 1,000-kV UHV corridor project to move renewable power and strengthen transmission capacity, underscoring the wider energy infrastructure momentum. Tourism Focus Shift: Mongolia is debating whether to chase mass tourism or prioritize fewer higher-income visitors as marketing spend rises and arrivals land slightly below targets.
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