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China agrees support for Mongolian infrastructure projects
MONGOLIA
CHINESE Foreign Minister Wang Yi paid an official visit to Mongolia from August 7-8, dur- ing which he signed cooperation agreements to support infrastructure projects.
Firstly, Wang put his signature to an agree- ment that China will help step up the construc- tion of the Erdeneburen hydropower plant. The plant is to be built on the Khovd River in western Mongolia. There is opposition from environmentalists who argue that the vicin- ity is an environmentally sensitive part of the country. Nonetheless, if built, the facility would reduce reliance on Russian electricity, provid- ing a capacity of 90MW and an annual capac- ity of 366mn kWh in supplying power to five provinces.
Secondly, Wang signed a memorandum of understanding for a cross-border rail connec- tion between the land ports of Gashuunsukhait and Ganqimaodu—the ports presently provide
the main truck entry points to China for Mongo- lian coal exports. When the rail system becomes operational, it will significantly increase Mongo- lia’s mineral exports. The project was held back for years due to political strife. Former president Battulga Khaltmaa adamantly opposed the infrastructure initiative, arguing that it would dent Mongolia’s national security.
Thirdly, an agreement has been reached with China to build housing complexes in Ulaan- baatar’s Ger districts—these localities are made up of unplanned residences on the city’s outskirts that are not connected to the city’s main infra- structure. Wang also signed for the development of water treatment facilities and a meat and ani- mal product processing factory.
Nothing about Russia’s gas pipeline ambi- tions, using Mongolian territory to transfer gas to China, was mentioned during the top diplo- mat’s visit.
ReNew Power to launch $8bn green hydrogen project in Egypt
INDIA
INDIA-BASED, Nasdaq-listed and partly Gold- man Sachs-owned ReNew Power has hoped on the bandwagon to turn Egypt into a global hydrogen production hub with the launch of a $8bn green hydrogen production project. The new facility to be located at the Suez Canal Eco- nomic Zone (SCZone) is to have a total annual production capacity of 220,000 tonnes.
ReNew Power signed a memorandum of understanding (MoU) with various entities associated with the Egyptian government to kick-start the project including the New
and Renewable Energy Authority (NREA), SCZONE, the Egyptian Electricity Transmission Company (EETC), the Sovereign Fund of Egypt.
ReNew Power is one of the largest renewable energy independent power producers in India and globally. The company currently has an aggregate capacity of 12.8 GW. They have utili- ty-scale wind and solar energy projects as well as renewable energy projects catering to the energy requirements of commercial and industrial customers while helping reduce India’s carbon footprint.
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