Emeelt Eco-Industrial Park: A Monumental $1.72 Trillion Investment for Mongolia's Urban Development

Strategic Insights -

The Emeelt Eco-Industrial Park, part of Mongolia's 24 mega projects for urban development, is set to transform the country's economy and environment. Spanning 539 hectares in the Khan-Uul district, the park will feature a 24-megawatt thermal power plant and a wastewater treatment facility, both designed to operate with international environmental standards. The project's ambitious objectives are spearheaded by Emeelt Eco-Industrial Park JSC, led by Executive Director Myagmar Byambasuren, who envisions the completion of 15 projects initiated in 2009. With a projected capacity to process 7.5 million hides, 3,000 tons of wool, and 5,800 tons of cashmere annually, the park is poised to become a significant contributor to Mongolia's economy and job market.

Key Takeaways:

  • The Emeelt Eco-Industrial Park will be constructed on a 539-hectare site in the Khan-Uul district, approximately 30 kilometers from Ulaanbaatar's city center.
  • The project features two core infrastructure facilities: a 24-MW thermal power plant and a domestic and industrial wastewater treatment plant.
  • The thermal power plant will generate 156 million kWh of electricity and 265,600 Gcal of thermal energy annually.
  • The wastewater treatment plant has a daily capacity of 6,700 cubic meters.
  • A partnership between Hua Zi Technology LLC and Hua Shi Energy Industry LLC from China has been selected as the contractor for the EPC+F tender.
  • Construction is expected to begin in the first quarter of 2026 and is scheduled for completion by 2027.
  • The project is expected to create approximately 5,600 jobs and generate MNT 1.72 trillion in revenue and MNT 86.3 billion in tax contributions.
  • Emeelt Eco-Industrial Park JSC aims to achieve investment recovery within 6.7 years.
  • The project's operation will be carried out in an environmentally friendly manner, meeting international standards, and enable the processing of 43.5 percent of the country's raw materials independently.

Statistics:

  • 539 hectares: The size of the site on which the Emeelt Eco-Industrial Park will be constructed.
  • 24 MW: The capacity of the thermal power plant.
  • 156 million kWh: The annual electricity generation of the thermal power plant.
  • 265,600 Gcal: The annual thermal energy generation of the thermal power plant.
  • 6,700 cubic meters: The daily capacity of the wastewater treatment plant.
  • 2026: The year in which construction is expected to begin.
  • 2027: The year in which construction is expected to be completed.
  • 5,600: The number of jobs expected to be created by the project.
  • MNT 1.72 trillion: The revenue expected to be generated by the project.
  • MNT 86.3 billion: The tax contributions expected to be generated by the project.
  • 6.7 years: The time period within which investment recovery is expected to be achieved.
  • 43.5 percent: The percentage of the country's raw materials that the park is expected to process independently.

Sources:

  • Emeelt Eco-Industrial Park JSC (no specific date mentioned)
  • Decree of the Governor of the Capital (no specific date mentioned)