World Bank Launches $78M Power Grid Project to Boost Mongolia’s Energy Security

In a landmark move to modernize Mongolia’s electricity infrastructure and accelerate the country's shift to a low-carbon economy, the World Bank has approved a US$78 million investment for the Fourth Energy Sector Project . This initiative aims to strengthen the capacity, resilience, and sustainability of Mongolia’s Central Energy System (CES), while expanding access to renewable energy and reliable electricity for thousands of households across the country’s central and western regions.

The financing comes through the International Bank for Reconstruction and Development (IBRD) and supports Mongolia’s broader ambitions under its New Recovery Policy and Government Action Plan for 2024–2028 , which prioritize infrastructure development, green energy transition, and inclusive