Mongolia betting on super grid to revive its flailing economy
It is considering a US$7b plan to build coal, wind and solar plants that could send electricity across Asia
Ulaanbaatar, Mongolia
THE lights of the high-end boutiques and bars of Tokyo's Ginza neighbourhood may someday be powered by coal burned more than 2,700 kilometres away in Mongolia, electricity zipping over ultra-high voltage lines across deserts and under seas.
That's the idea behind plans in Asia for so-called super grids, sending power from countries with relatively few people but lots of wind, sun and fossil fuels to distant electricity-hungry population centres trying to keep up with demand. Mongolia, desperate to make more of its abundant resources as it seeks to revive its flailing economy, aims to make that vision a reality through one of the world's most ambitious power projects.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama
ExxonMobil to take 18 to 24 months to hit full stride with Pioneer purchase
Oil settles down on US jobs data, steepest weekly loss in three months
Glencore Group nears deal for Shell’s Singapore oil refinery
Opec+ may need to tackle oil capacity conundrum next month
Gold flat ahead of US payrolls data, set for second weekly drop