Energy Working Group Convened Its December Meeting
On 4 December, the Energy Working Group of AmCham Mongolia welcomed Munkhdalai Tumendalai, Project Manager at the Governor’s Office of Ulaanbaatar. He provided detailed updates on Ulaanbaatar’s major energy projects — including developments on the CHP-5 plant and the city’s waste-to-energy initiatives — and responded to questions from participating member companies.
We extend our sincere thanks to Mr. Munkhdalai for the informative session. We also appreciate the active participation of our member companies: #UPC Renewables, Trade and Development Bank, MCS Group, Ard Financial Group, MahoneyLiotta LLP, Barloworld Mongolia, SnowHill Consultancy LLP, and EY. We are also grateful to the U.S. Embassy - Ulaanbaatar, Mongolia for their participation and continued engagement.
AmCham Mongolia established the Energy Working Group as part of its commitment to strengthening Mongolia’s energy independence and supporting sector reforms. The Working Group serves as a platform for members and international stakeholders to regularly discuss essential energy-sector issues, including the legal framework, regulatory environment, and the status of ongoing reforms.
In September 2025, the Working Group released its position paper, which recommends the following key actions:
• Modernize and clarify the legal framework to attract private investment and enable sector transformation.
• Strengthen governance by reducing institutional overlaps and defining regulatory roles more clearly.
• Institutionalize long-term, integrated energy planning with strong private-sector involvement.
• Expand private-sector participation through de-risking instruments and blended-finance mechanisms.