NREC

Name

NREC

Legal name

Сэргээгдэх эрчим хүчний үндэсний төв ТӨҮГ

Website

https://nrec.mn

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Renewable Energy Government Services

NAICS

Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211), Utilities (22), Regulation and Administration of Communications, Electric, Gas, and Other Utilities (92613)

SIC

Electric Services (4911), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Permitting, Environmental & Stakeholder Engagement (EIA/ESIA, Community Relations) (EUAMAAAB)

akta.pro secondary industries

Incentives, Grants & Program Administration (Auctions, Tenders, IRA/ITC/PTC Advisory) (EUAMAAAJ), Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds) (EUAMAAAD), Energy, Utilities & Natural Resources Regulators (BPAIAOAJ)

Keywords

• Renewable energy services
• Technical monitoring services
• Hydropower project management
• Energy regulatory licensing
• Government energy development

Headquarters

HQ city

Ulaanbaatar

HQ country

Mongolia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D

Revenue model

1. Government Project Implementation: NREC implements government-owned renewable energy projects, including technical supervision, project management, and infrastructure development funded by state and international investment.
2. Technical Monitoring Services: NREC provides technical monitoring and quality assurance services for renewable energy construction projects, including services to international contractors operating in Mongolia.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels2 records

Core offering

NREC (Сэргээгдэх эрчим хүчний үндэсний төв / National Renewable Energy Center) is a Mongolian state-owned enterprise that performs regulatory, technical monitoring, research, and project implementation functions for renewable energy development. It licenses renewable energy producers, conducts technical supervision of construction projects (such as the 90 MW Erdene Bulgan Hydropower Station), and sets regulated tariffs for grid-connected wind, solar, and small hydro producers.

Product overview

NREC (Сэргээгдэх эрчим хүчний үндэсний төв / National Renewable Energy Center) is a Mongolian state-owned enterprise established in 2005, operating under the Ministry of Energy. It is not a commercial product company but rather a government agency providing renewable energy development services, technical monitoring, research, and licensing for solar, wind, hydro, geothermal, and biomass energy sources. The organization manages renewable energy projects and coordinates with international partners on clean energy initiatives for Mongolia.

Differentiator

Problem solved

Functional benefit

Products and services

• Renewable Energy Research Services (Сэргээгдэх эрчим хүчний судалгааны ажил)
• Special Permits/Licensing (Тусгай зөвшөөрөл) Licensing services for renewable energy production facilities including special permits for solar, wind, hydro, and other renewable energy installations.
• User Renewable Energy Grid Connection Procedures (Журам) Regulatory framework and procedures for connecting user-owned renewable energy generation equipment to the electricity distribution grid in Mongolia.
• Technical Supervision of Renewable Energy Infrastructure Projects Technical monitoring and quality supervision of renewable energy construction projects (such as the Erdene Bulgan 90 MW Hydropower Station) to ensure compliance with international standards, delivered to international contractors and government project owners.

Quantifiable outcome

• Reduction in electricity payments to Russia: 18-20 billion tugrik per year saved for Bayan-Olgii, Uvs, and Khovd provinces
• +2 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Power Construction Corporation of China & Power China Chengdu Engineering Corporation JVcoreTechnology or Integration · 17 September 2021JV contractors for the Erdene Bulgan 90 MW Hydropower Station project in Khovd province, selected through international tender. Contract value of 271.48 million USD, 61-month construction period. Power Construction Corporation of China ranked 41st among China's top 500 companies and has completed 65% of China's large and medium hydropower construction independently.
• Energy Regulatory Commission of Mongolia (Монгол улсын эрчим хүчний зохицуулах хороо)coreOthersRegulatory body overseeing electricity and thermal energy tariffs, including renewable energy support tariffs. Sets tariffs for wind (up to 0.085 USD/kWh), solar (up to 0.12 USD/kWh), and small hydro (0.045-0.06 USD/kWh).
• Energy Development Center (Эрчим хүчний хөгжлийн төв)coreOthersState-owned energy development organization, a sector partner in Mongolia's energy sector ecosystem.
• Nalaikh Thermal Power Plant (Налайхын дулааны станц)minorOthersSector partner - thermal power plant operating in Nalaikh district of Ulaanbaatar.
• Altai-Uliastai Energy System (Алтай улиастайн эрчим хүчний систем)minorOthersRegional energy system operator for the Altai and Uliastai area.
• Baganuur East-South Region Electricity Distribution Network (Багануур зүүн өмнөд бүсийн цахилгаан түгээх сүлжээ)minorOthersElectricity distribution network for Baganuur East-South region.
• Third Thermal Power Plant (Дулааны гуравдугаар цахилгаан станц)minorOthersThird thermal power plant in Ulaanbaatar, part of Mongolia's central energy system.
• National Dispatch Center LLC (Диспетчерийн үндэсний төв ХХК)coreOthersNational dispatch center responsible for grid management and electricity dispatch coordination in Mongolia.
• Fourth Thermal Power Plant (Дулааны дөрөвдүгээр цахилгаан станц)minorOthersFourth thermal power plant in Ulaanbaatar, part of Mongolia's energy generation infrastructure.
• Veloo FoundationminorStrategic or Co-development PartnerNon-governmental organization (сан) supporting renewable energy projects. Partnered with NREC on the Solar Children Kindergarten heating project using renewable energy calculations.
• China Ministry of Commerce / Hangzhou Low-Head Small Hydropower Research CenterminorStrategic or Co-development PartnerChinese government ministry and provincial research institute that co-organized the 'Electrification Mode based on Clean Energy for Belt and Road Countries' international training program with NREC.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• International Renewable Energy Agency (IRENA): Intergovernmental organization supporting renewable energy adoption globally; comparable in mandate (policy advisory, capacity building, technical monitoring) to NREC but at the international rather than national level.
• National Renewable Energy Laboratory (NREL): U.S. Department of Energy national laboratory conducting renewable energy research and technical analysis; structurally similar to NREC's research and technical monitoring mandate at national scale.
• China Energy Engineering Group: Major Chinese state-owned energy engineering and construction group active across renewable and conventional power; comparable in EPC and project development scope to the role PowerChina plays alongside NREC.

Emerging players

• Power Construction Corporation of China (PowerChina): Chinese state-owned EPC contractor ranked among China's top 500, executing 65% of large/medium hydropower builds — NREC's core contractor partner on the 90 MW Erdene Bulgan project and a renewable energy IPP developer in its own right.

Regional players

• Kenya National Renewable Energy Centre: Kenyan national center for renewable energy research and development; comparable in institutional form (national renewable energy center) to NREC but operating in a different geography and Africa context.
• Bureau of Energy Efficiency (India): India's statutory body under the Ministry of Power for energy efficiency policy, standards, and project support; comparable national-level energy regulatory/advisory mandate to NREC but in a different geography.

Direct peers

• National Dispatch Center LLC (Mongolia): Mongolian grid operator coordinating electricity dispatch and system reliability — NREC's partner for grid connection procedures and renewable energy integration into the national grid.
• Energy Development Center (Mongolia): Mongolian state-owned energy development organization that, like NREC, operates under the Ministry of Energy to advance sector strategy, project preparation, and technical advisory in Mongolia.
• Energy Regulatory Commission of Mongolia: Mongolia's national energy regulator that sets renewable energy tariffs and oversees electricity/heat pricing — NREC's closest functional counterpart within Mongolia's energy regulatory ecosystem.

Others

• Veloo Foundation: NGO partner of NREC on the Solar Children Kindergarten heating project; comparable only as an adjacent ecosystem participant supporting renewable energy adoption in Mongolia.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• YouTubeyoutube.com/channel/UCdnFJu--u-t4
• LinkedInlinkedin.com/company/nrec

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NREC