AKIPRESS.COM - Deputy Ulaanbaatar Mayor J.Batbayasgalan has signed a memorandum of understanding on renewable energy with Mr Tatsuya Sato, General Secretary of the Sharp Corporation, reports news.mn.

Japan's electronics giant Sharp Corp. will build a 20 megawatt solar power plant in Baganuur district of Ulaanbaatar.

The new Baganuur plant will supply clean energy with significantly reduced greenhouse gas emissions. Despite its huge potential for developing solar and wind power, Mongolia still relies heavily on traditional coal-fired power plants.