Mongolia Gets $60.6 Million for Solar-Wind Hybrid Project with Battery Energy Storage

Loan will help Mongolia develop distributed renewable energy systems

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The Asian Development Bank (ADB) has signed a loan agreement with the Government of Mongolia under which it will be providing $60.6 million for distributed renewable energy projects in the country.

The loan and grant agreements were signed by Minister of Finance Khurelbaatar Chimed and ADB Country Director for Mongolia Yolanda Fernandez Lommen in Ulaanbaatar. Representatives from the Ministry of Energy and Mongolian Tax Authority witnessed the event.

The loan towards renewable energy is to develop a 41 MW distributed renewable energy system—a first-of-its-kind in Mongolia—using solar photovoltaic (PV) and wind energy with advanced battery storage technology and energy management systems.

The project will result in the supply of clean and reliable electricity to about 260,000 people in remote and less-developed towns in western Mongolia, who currently rely on high-cost and high-polluting carbon-intensive electricity.

ADB’s funding of $40 million is supplemented by grant co-financing; $14.6 million from the Strategic Climate Fund under the scaling up renewable energy program in low-income countries; and $6 million from the Japan Fund for the joint crediting mechanism. The Government of Mongolia is contributing $5.6 million to the project.

In July 2018, ADB announced that it will give $20 million loan to Bangladesh under its Power System Efficiency Improvement Project for the furtherance of off-grid solar solutions in the country. The loan was coupled with $25.44 million in grant financing to encourage off-grid solar photovoltaic (SPV) pumping for agricultural irrigation. The grant included $22.4 million from the Scaling up Renewable Energy in Low Income Countries Program, which comes under its Strategic Climate Fund, and another $3 million from the Clean Energy Fund for Output-based Aid under the ADB-administered Clean Energy Financing Partnership Facility.

ADB is also supporting Sri Lanka’s rooftop solar PV sector via a loan of $50 million. The goal of the program was to support the government’s “Battle for Solar Power Programme” to achieve the target of installing solar projects worth 200 MW by 2020 and 1,000 MW by 2025.

In February, ADB provided a $235 million loan to B. Grimm Power Public Company Limited for the expansion of renewable energy projects in the member countries of the Association of Southeast Asian Nations (ASEAN). Previously, the bank also administered a $20 million loan provided by the Canadian Climate Fund for the private sector in Asia under the Clean Energy Financing Partnership Facility.

Image Credit: ADB

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Paolo Vicari
0 points
5 years ago

Hey!
not a ski lover but.. I have Raiffeisen as bank. Paying 200 CHF i became a kind of "shareholder" (I will get the money back when I will close the bank account).
Being a shareholder you become member plus and you have some benefits that you can find here:
https://memberplus.raiffeis...

maybe is something that can interest you :)

M
Mustachian Post
0 points
5 years ago

Very interesting indeed! Thanks for sharing it!
I don't think we will use it as not regular skiing but for sure worth a check for other readers!

R
Remo Uherek
0 points
5 years ago

Some more ideas to consider:

  • going sledding instead of skiing
  • cross country instead of downhill
  • doing a winter hike
  • going just for a weekend (in off season) instead of a whole week (in high season)
M
Mustachian Post
0 points
5 years ago

Thanks a lot for sharing @remouherek:disqus !

L
Liam
0 points
5 years ago

I recommend the Magicpass, if you go more than about 8 times it’s worth it and gives you access to the some of the bigger stations.

Also snowshoeing or skinning, once you have the equipment it’s absolutely free and so good for you.

Happy trails

M
Mustachian Post
0 points
5 years ago

@disqus_L87HQhQIPD:disqus indeed the MagicPass is a great thing if you're skiing a lot. After some maths last year, we were just below the 8 times, and didn't want to "force ourselves" spend more to go more skiing.

+1 for snowshoeing and skinning. Mrs. MP loves so much skiing...but I'll propose her that we alternate ;)

K
KNOJI
0 points
5 years ago

Hi what a perfect timing! We just came back from our ski holidays. Keeping our actual cost journal, I was wondering if there are any other tips to make this expensive activity cheaper 😁

Our background: We live in a city and own a car. We are a family of two (my 12yr son and myself as mother), NOT frequent skier (only during holidays). So we don’t own equipments except our glasses and my helmet. We don’t do season rental either because we don’t go skiing so often (only once or twice for holidays) and our car is too small and cannot carry ski equipments.

Here are my tips:

  • Get second hand ski clothes for kids for free or very reasonable prices. My old colleague, who has only son growing up as fast as my son ahead of him, always offers ones for free! We buy new socks, warm underwear, and fleece for my son when necessary but always search for discount.
  • Go for adult skip clothes to outlet shops or normal shops on sale at the end of the season. Especially at outlet shops, you can get huge discount if you are there in the right timing. It might not be the latest model but I don’t care if I get new one 80% less from the original price (which happened to me yesterday!)
  • Reserve rental equipments in advance via internet. You can get 20-50% discount.
  • Take a private lesson in France if you want one. The price difference is big while the one for group lessons is not so much.
  • Don’t go skiing in bad condition or if you have doubt. You may end up being forced to stop in the middle of the day. It can be very expensive ski if you stop after a few hours with your one day or 1/2 day pass. Save your day (and money) for a perfect ski day. It would worth it.
M
Mustachian Post
0 points
5 years ago

Thanks a lot for sharing @kaorinojiri:disqus !
Indeed for the other parents giving away their old stuff. We do the same here ;)

Would you mind sharing your actual cost journal (how many days, what activities, where, etc.)?

K
KNOJI
0 points
5 years ago

Sure! I just completed the expense report (?) of our 2nd ski holiday in Switzerland. Because our 1st ski holiday was in France, it became interesting comparison.

1st Holiday in France (FR): 4 nights 5 days in Chamonix-Mont-Blanc (Dec 21-25, 2019)
2nd Holiday in Switzerland (CH): 3 nights 4 days in Grindelwald (Jan 2-5, 2020)
For easy comparison, I converted EUR costs into CHF with the rate used for my credit card bill.

We travelled as a family of two, my son (12 years old) and myself.

<transportation: by="" car,="" 2="" hours="" driving="" for="" one="" way="" from="" where="" i="" live="">
(FR) 53 CHF, including fuel, high-way toll, parking for skiing)
(CH) 29 CHF, including fuel only (no cost on toll or parking)

<accommodation>
591 CHF in total/ 148 CHF per night (FR), two-star hotel in the center, including breakfast and tax
625 CHF in total/ 208 CHF per night (CH), three-star hotel close to the center, including breakfast and tax

<activity>
(FR) 325 CHF in total, including;
 121 CHF for ski pass (one day Chamonix Pass for one adult 55 EUR plus 3 EUR for insurance, one child 46.8 EUR plus 3 EUR for insurance)
 91 CHF for one day ski rental (ski, ski boots, and poles for both myself and my son, helmet for the child, with insurance)
 113 CHF for other activities (ice-hockey match live watching, swimming pool, bus trip to Courmayeur in Italy, movie)
(CH) 355 CHF in total, including
 183 CHF for two day ski pass (122 CHF for adult, 61 CHF for child) / 92 CHF per day

 80 CHF for two day ski rental/ 40 CHF per day (ski, ski boots, and poles for both myself and my son, helmet for the child, with 20% off voucher)
 92 CHF for other activities (sledges—passes for sledging, 39 CHF for an adult, 23 CHF for a child, and rental sledges, 30 CHF for two)

<food, dinning="">
(FR) 376 CHF in total/ 47 CHF per meal (4 lunches and 4 dinners)
(CH) 338 CHF in total/ 56 CHF per meal (3 lunches and 3 dinners)

Summary of findings:
 Skiing in Chamonix is expensive. I thought skiing in France is cheaper than in Switzerland, but probably Chamonix is exception…
 Traveling by car in Switzerland could be cheaper than in France because of highway tolls
 Accommodation, food and dinning are cheaper in France (as I expected)
 France has more variation of other activities (esp. in Chamonix), and they are cheaper than in Switzerland

Here is the link to an interesting article about ski passes in Switzerland: https://www.swissinfo.ch/en...

M
Mustachian Post
0 points
5 years ago

Thanks a lot for all the details and findings!

C
Carole
0 points
5 years ago

Growing up in Valais there was a "ski Club" in every village, that save my parents lot of money on ski classes. Also they didn't have to go skiing with me if they didn't want to/ couldn't. Living close to the mountain we also always went for half a day. Now I live in Zürich and get more often cross country skiing, it's cheaper, take less time and you can rent the equipment. Surely less fun if you have kids :)

M
Mustachian Post
0 points
5 years ago

Thanks for sharing @disqus_PRIW4Qjytt:disqus !
Interesting idea for the ski-club. Did you have to pay your pass anyway, or just the ski-club abo?

W
Winterland
0 points
5 years ago

I realize there are so many different ways to approach the sport and I might not represent the most typical situation but I have learned a few lessons that might help someone out there.

To put things in context: I grew up skiing and I’m very passionate about the sport. Like start-training-in-may-for-next-season-spend-all-summer-watching-snow-videos-and-check-webcams-from-November passionate. I also started the instructor path as a teenager but I did not fully complete it.

I have 4 kids aged from 2 to 10 (smallest one does not ski yet and my wife is not a big fan either). We live in the opposite part of Switzerland.

In recent years we skied around 30 days per season. So financially it’s more about keeping costs within the allocated budget rather than squeezing the last franc.
However I still managed to spend less than many friends spend in a handful of days/season.

What I do:

  • I buy a family season pass in a small family-oriented resort close to home. I buy it as early as they go on sale (sometimes end of March) to get a substantial discount (I’ve seen up to 40% reduction).
    The pass gives half price on other resorts in the region, so it allows for some variety.
    With this technique I’ve spent less than 500.-/year in tickets for myself+kids. It could’ve been less by sticking more to the base resort, but it’s still excellent value to me.

  • We avoid big name resorts. We are more into the sport side of things rather than tourism/leisure/scenery, so in general I appreciate a few well prepared and empty runs rather than hundreds of outrageously expensive and crowded pistes.
    I appreciate other people might have different tastes though.

  • we always bring our lunch. Most resorts have a picnic room. If it’s good weather eating outside is nice too. If we only do half day we eat on the way home or at home.

  • we often ski half day, always in the morning. There’s less crowd on the piste, kids are fresher, less risk of collision when everyone is heading home tired at 16 on the same slope. And the kids like to do other things for the rest of the day. This is one of the big advantages of the season pass, if weather gets very bad or kids are not in top shape you don’t feel guilty heading home early.

  • I buy most gear 2nd hand from Ricardo out of season. It’s a bit strange to buy ski stuff in June but if you keep a clear list of what you need and have good eye you’ll save big money. You usually find good quality equipment when kids doing racing end/start the season.
    Boots (for adults) are the exception. It’s the one piece that will change your experience so bite the bullet and get proper ones from someone that knows his stuff (no big shops that will always sell you two sizes too large). They’ll last a long time.

  • i maintain impeccably skis and other gear. Always dry them after skiing, etc. I also do the tuning on my own but doing this in a cost-effective way is a whole other topic.
    That way equipment lasts a long time and kids can pass from one to the other.

  • ski school: teaching your own kids is not for everyone. Actually it’s probably better avoided. It’s working for me but I would not advise it in general. Your best bet is a ski club or a seasonal group course if the local ski school offers it.
    It might still expensive but if you’re passionate this is the whole point of skiing.

Have fun!

M
Mustachian Post
0 points
5 years ago

Thank you very much for the story-sharing @disqus_YzYyyxNJ73:disqus !!
I think we're pretty much aligned on every single point :)

What's your ski resort base by the way?

D
Damian
0 points
5 years ago

Try cross country skiing. I startet last year. It makes a lot of fun, less people on the track as in alpine skiing and it doesnt cost much. For 140 CHF you get the all season Switzerland pass. One Daypass costs usually about 5-7CHF. Equipment is about 300-500 CHF or 20-40 CHF per day for renting.
Depending on your location the distance to the skiing area is much shorter than the alpine skiing areas.

M
Mustachian Post
0 points
5 years ago

Like it a lot!
Mrs. MP loves Alps skiing but is ready to try again once cross country. Let's see how it goes ;)

C
Caroline Marck
0 points
5 years ago

Thanks Marc for all your precious tips. We use homeexchange to save on accommodation costs. Loads of offers in Switzerland and France (but you need to be ready to open your house :-)

M
Mustachian Post
0 points
5 years ago

@carolinemarck:disqus pleasure :)
Do you have a homeexchange example that you went on yourself?

C
Caroline Marck
0 points
5 years ago

Yes, we've been using www.homeexchange.com for a year now, saving thousands of dollars in accommodation costs all around the world. Get in touch if you want to subscribe, I can share a referral link which will get you more welcome guest points. Kind regards, Caroline.

M
Mustachian Post
0 points
5 years ago

Thanks!
What I was meaning was a link to one place you were yourself?

I will do so for referral link if we happen to use it :)

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