Page 9 - AsiaElec Week 12 2022

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Mongolia hopeful China set to

allow in more coal trucks

CHINA CHINA is set to increase its imports of coal from crossing were restricted, resulting in fewer than
Mongolia to 300 from 200 trucks per day from 200 coal trucks crossing into China every day. By
April 1, according to Mongolian Deputy Prime December 16, border crossings came to a com-
Minister Amarsaikhan Sainbuyan. plete halt, with no trucks entering China.
Amarsaikhan heads a working group Mongolia’s Covid numbers have markedly
attempting to boost foreign trade despite the decreased in the past three months, but China,
effects of the COVID-19 pandemic. On March sticking to its stringent “zero-covid” policy, has
22, he met with representatives from China’s not relaxed border crossing restrictions for its
Ganqimaodu land border port to assess the neighbour.
transportation situation at border crossings used On March 21, Mongolia’s largest coking coal
by traders. producer, Mongolian Mining Company (MMC),
In the pre-pandemic year of 2019, Mongolia announced a 2021 net loss attributable to the
dispatched as many as 700 coal trucks per day to equity shareholder of the company of $55.2mn.
China on average. MMC stated: “COVID-19 has continued to pose
When the Omicron variant of COVID-19 a lot of challenges associated with cross-border
was on the rise in Mongolia in December, coal logistics from Mongolia to China.”™
transits through the Gashuunsukhait border

Jiangxi Jinko to

build silicon pull rod

project in China

CHINA JINKOSOLAR Holding Co. said that its prin- commence in April.
cipal operating subsidiary, Jinko Solar Co. The second phase will see construction in
(Jiangxi Jinko) has signed a project investment 2023-24 of a production line with an annual pro-
co-operation framework agreement for a joint duction capacity of 10 GW for estimated invest-
monocrystalline silicon pull rod project in Qing- ment of approximately CNY3bn. The detailed
hai Province. plan and schedule for the project will be subject
It signed the agreement with the l Qinghai to market conditions.
Provincial Department of Industry and Infor- Kangping Chen, CEO of Jiangxi Jinko, com-
mation Technology, Xining Municipal Govern- mented: “As the demand for solar energy con-
ment and Xining Economic and Technological tinues to grow globally, developing our own
Development Zone Management Committee. production of monocrystalline silicon pull rods
Jiangxi Jinko plans to build monocrystalline will not only strengthen our in-house produc-
silicon pull rod production lines with a total tion capabilities, but also is a great leap forward
annual production capacity of 30 GW in Xining in our commitment to support the pledge for
City, Qinghai Province, with total investment carbon neutrality globally. At the same time, we
estimated at approximately CNY10bn ($1.57bn). are proud of continuing to deliver the highest
In the first phase of this two-phase project, quality products and improving the efficiency of
Jiangxi Jinko plans to build a production line our solar technology to meet the needs of all our
with an annual production capacity of 20 GW, customers.” JinkoSolar currently owns approxi-
for estimated investment of approximately mately 58.62% equity interest in Jiangxi Jinko.™
CNY7bn. Construction of this phase will

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