Mongolia Races to Break Energy Shortage with New Power Plant

Ending years of drought in major baseload capacity additions, the Municipality of Ulaanbaatar is set to break ground on the Fifth Thermal Power Plant (TPP-5).

The decision represents a bold attempt by UB Mayor Khishgeegiin Nyambaatar to separate the capital’s energy security from the central government’s policy stagnation, motivated by a severe physical crisis in the power grid and the firm deadline of the upcoming electoral cycle.

The commencement of earthworks in February 2026, confirmed by city officials, follows the signing of a definitive agreement in 2025.

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