NREC
- Company typePrivate
- Founded2005
- HeadquartersUlaanbaatar, Mongolia
- Headcount11–50
- GTM typeB2B
- OfferingServices
NREC firmographics
Firmographics- 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
NREC industry classification
Industry- 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
Where NREC is headquartered
LocationHeadquarters
- HQ city
- Ulaanbaatar
- HQ country
- Mongolia
- HQ region
- Asia
Offices2 records
Markets served
NREC business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D
Revenue model
- Government Project Implementation: NREC implements government-owned renewable energy projects, including technical supervision, project management, and infrastructure development funded by state and international investment.
- 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
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Wind energy grid-connected tariff |
| Subscription | Annual | Hydropower (up to 5000 kW) grid-connected tariff |
| Subscription | Annual | Solar energy grid-connected tariff |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels2 records
NREC product offering
Product offeringCore 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
Companies that use NREC
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles3 records
NREC technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
NREC partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and minor.
- Power Construction Corporation of China & Power China Chengdu Engineering Corporation JVcoreJV 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)coreRegulatory 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)coreState-owned energy development organization, a sector partner in Mongolia's energy sector ecosystem.
- Nalaikh Thermal Power Plant (Налайхын дулааны станц)minorSector partner - thermal power plant operating in Nalaikh district of Ulaanbaatar.
- Altai-Uliastai Energy System (Алтай улиастайн эрчим хүчний систем)minorRegional energy system operator for the Altai and Uliastai area.
- Baganuur East-South Region Electricity Distribution Network (Багануур зүүн өмнөд бүсийн цахилгаан түгээх сүлжээ)minorElectricity distribution network for Baganuur East-South region.
- Third Thermal Power Plant (Дулааны гуравдугаар цахилгаан станц)minorThird thermal power plant in Ulaanbaatar, part of Mongolia's central energy system.
- National Dispatch Center LLC (Диспетчерийн үндэсний төв ХХК)coreNational dispatch center responsible for grid management and electricity dispatch coordination in Mongolia.
- Fourth Thermal Power Plant (Дулааны дөрөвдүгээр цахилгаан станц)minorFourth thermal power plant in Ulaanbaatar, part of Mongolia's energy generation infrastructure.
- Veloo FoundationminorNon-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 CenterminorChinese 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
NREC competitors and assessment
Company assessmentBroad 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
NREC social profiles
Digital presenceNREC financial estimates
Financial estimateRevenue estimate
Valuation estimate
NREC leadership team
Management profileNumber of profiles
NREC funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
NREC M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about NREC
What does NREC do?
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.
Is NREC a public or private company?
NREC is a private company. It is classified as state government owned and is currently operating.
When was NREC founded?
NREC was founded in 2005. It employs 11 to 50 people.
Where is NREC based?
NREC is headquartered in Ulaanbaatar, Mongolia, in the Asia region.
How does NREC make money?
Two revenue lines are on record. Government Project Implementation is the primary driver. The others are technical Monitoring Services.
Who are NREC's main competitors?
Broad incumbents on record are International Renewable Energy Agency (IRENA), National Renewable Energy Laboratory (NREL) and China Energy Engineering Group. Power Construction Corporation of China (PowerChina) is listed as an emerging player. Regional players are Kenya National Renewable Energy Centre and Bureau of Energy Efficiency (India). Direct peers are National Dispatch Center LLC (Mongolia), Energy Development Center (Mongolia) and Energy Regulatory Commission of Mongolia. Veloo Foundation is listed as an others.
Does NREC have an API?
No public API is recorded for NREC.
What industry is NREC in?
NREC's product category is Renewable Energy Government Services. Its primary akta.pro industry code is EUAMAAAB, Permitting, Environmental & Stakeholder Engagement (EIA/ESIA, Community Relations), with a secondary code of EUAMAAAJ, Incentives, Grants & Program Administration (Auctions, Tenders, IRA/ITC/PTC Advisory). Its NAICS code is 22111 and its SIC code is 4911.