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At the request of the Mongolian Government, the project conducted in 2008 a series of pre-feasibility studies to recommend improvements of freight traffic flows at the border and logistics in Zamyn Uud. One of the major recommendations was the establishment of a Public-Private Partnership Logistics Park Development Corporation (LPDC) to build and operate a modern import-based logistics park. EPRC made a presentation on the results of the pre-feasibility studies and the recommended PPP structure to the Prime Minister’s Consultative Council on Private Sector Development and Investment, which culminated in the signing of a resolution instructing the Minister of Finance and the State Property Commission to work with the Mongolian Freight Forwarders Association (MFFA) to form a Public-Private Partnership. On November 7, EPRC the project made held a meeting with Mongolian freight forwarders on the proposed implementation plan for LPDC, including the timeline and the preliminary financing
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On 8 October the project assisted the Financial Regulatory Commission, the Mongolian Stock Exchange and the Mongolian National Chamber of Commerce and Industry with the launch of the Mongolia Corporate Governance Forum. Thirty-seven participants, including the Chief Executive Officers of large publicly traded joint-stock companies, attended the Forum which focused on current corporate governance practices and the importance of good corporate governance, transparency and disclosure for better access to finance.
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New electricity and heat retail tariffs
Effective 15 July electricity and heat retail prices will increase by up to 28% and 39%, respectively, per resolution of 30 June of the Energy Regulatory Authority (ERA). The resolution introduced progressive block tariffs for electricity and updated the night time tariff. Nighttime tariffs are lower because consumption at that time is low. The new tariff design rationalized the time-of-use tariffs by increasing the night time tariff up to the minimum or floor price and introduced an additional new tool, progressive electricity tariffs, for energy conservation and demand side management thereby protecting vulnerable consumers from prices they cannot afford.
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At a brief ceremony held in the offices of the Energy Regulatory Authority (ERA) on, 19 February, USAID and the ERA signed a Memorandum of Understanding (MOU). The MOU is a continuation of USAID’s technical assistance support for Mongolia’s ERA.
Under the terms of the MOU, the EPRC project will provide assistance to the ERA to:
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The project completed the assessment of Mongolia’s Free Trade Zones program and site evaluations of the proposed Zamyn-Uud and Altanbulag FTZs, in response to a request from the Ministry of Industry and Trade (MOIT).
Led by José Cerón, a former FTZ manager and international expert fielded by EPRC, major findings of the assessment were:
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Horst Meinecke, EPRC’s Energy Advisor, joined a national delegation in attending a World Bank sponsored workshop on commercialization and privatization of Mongolia’s energy sector. The event took place in Washington, DC, during 26-29 January and forms part of the development of a sustainable energy sector strategy. The Mongolia delegation included: GANJUUR Radii, DAMDINSUREN Gungaarentsen, and TUMENTSOGT Tsevengmid from the Energy Regulatory Authority (ERA); TSERENPUREV Tudev from the Ministry of Infrastructure (MOI); TSETTSEG-OCHIR Badarndorj and BAILIKHUU Dambachultem from the State Property Commission (SPC); CHIMEDDORJ Demchigjav from the National Distpatch Centre (NDC); Dashiin BATSAIKHAN from UBEDN; and BAYARBAATAR Tsendsuren from Power Plant UB#4.
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At the request of the Office of the Prime Minister, EPRC began work on revisions of the draft document “An Economic Development Strategy for Mongolia; Unleashing the Potential for a Vibrant, Educated Society” During January, the project submitted comments on trade and investment, energy policy, and the underlying economic sector modeling being proposed.
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At the request of the Ministry of Finance, EPRC will provide assistance to the GOM during the month of February on:
- Comparative international analysis of best country practices and lessons learned from the use and administration of stability agreements in the mining sector
- Development of an economic and financial model to estimate the impact over time of diverse stability agreement scenarios on, inter alia, fiscal revenues, royalties, employment, income, current account, capital account, and regional effects
- Development of alternative scenarios to inform government policy options in the mining sector
At the request of the Ministry of Industry and Trade (MOIT), the project began work on an economic and financial pre-feasibility analysis of the Zamin-Uud and Altanbulag Free Economic Zones (FEZ).
The objectives of such assistance include:
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For the past two months, at the request of the Ministry of Infrastructure (MOI), EPRC has been involved in assisting with the revision of the draft Energy Efficiency Law. The draft law achieves the desired balance of inducing users to understand and implement energy conservation without crossing the fine line of the government interference with the operation and management of private enterprises. Absent from the current draft is the large inspection unit that would have been required to conduct energy audits and impose draconian penalties for private users found not in compliance with the proposed standards.
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