Chairman of China Investment Corporation assures to support and assist co-implementing a 30 billion USD coal-to-gas plant in Mongolia
On May 26, 2014, Speaker of the State Great Khural (Parliament) Mr. Zandaakhuu ENKHBOLD
received in his office the Secretary-General of the State Council and Chairman & CEO of China Investment Corporation, Mr. Ding Xuedong.
At the meeting, Mongolian side was attended by Minister of Mining, Mr. Davaajav GANKHUYAG
and the other part by Ambassador Extraordinary and Plenipotentiary of the PR of China to Mongolia, Mr. Wang Xiaolong
as well as other officials from both sides were also present.
During the meeting, the Secretary-General Ding Xuedong briefed about the China Investment Corporation’s activity and stated to support and assist on the implementation of the coal gasification project
. Moreover, 30 billion USD of investment is required to implement the project and Mr. Ding Xuedong expressed his hope that the Parliament of Mongolia would collaborate by providing tax eases
and on other relevant tasks.
In addition, he extended his satisfaction in the improvement on Mongolia’s Law on Foreign Investment
and expressed China’s interest to increase the volume of investment into Mongolia
Speaker Z.Enkhbold noted the head of state of the PR of China
will be conducting a state visit to Mongolia in August 2014 and during the visit, a ground breaking ceremony for the coal-to-gas plant is planned, and Speaker said Mongolia is willing to collaborate with China in many other major projects
that would play an important role in the future economic development
of the country.