Track record

Projects, not presentations.

Over a decade of structuring the financing, building the projects and proving the models that move Mongolia’s energy and land economy forward — with IFC, the ADB, the World Bank, EBRD, FMO, EDF and Rio Tinto.

1stutility-scale battery in Mongolia
1stnon-sovereign municipal green bond
1stwind farm in Mongolia
US$1B+capital mobilised across mandates
Featured

Flagship projects

Each of these opened a market that did not exist in Mongolia before it.

Also delivered

Selected further work.

Mandates across energy, public-sector advisory, capital raising and critical minerals.

Energy & power

Research on Key Technologies of Multi-energy Complementary New Energy System for Cross-border Interconnection
CEPRI
2019–2022
Energy Infrastructure in Mongolia: local, national and international perspective study
Imperial College London
Hydrogen strategy for a coking coal mine
Coking coal producer
2022
Hybrid power solution for a gold deposit — renewables + diesel, remote site
Gold mining operation
2022
Hybrid power solution for a gold deposit — renewables + grid-connected
Gold mining operation
2022
Gobi H2 — Mongolia’s first green hydrogen project
Elixir Energy / SB Energy (Terras)
Blockchain-based SCADA for smart grids — Karvoun Smart Grid System
Karvoun
2018–present

Public sector, IFIs & advisory

MUB municipal bond structuring and issuance
Municipality of Ulaanbaatar
2024–2025
TA-10005 MON: Strengthening governance and institutional capacity for quality infrastructure investment in Ulaanbaatar
ADB
2025–ongoing
Transaction Advisory Services identification in Mongolia
ADB (OMDP)
2025–ongoing
Enhancing Investment Efficiency: interactive regulatory toolkit for renewable energy
USAID
2024–2025
Socioeconomic landscape assessment for long-term social investment strategy
Oyu Tolgoi
2024–2025

Capital raising & M&A

Structured offtake and financing — US$55m — for Mongolia’s largest copper cathode plant, the country’s first modern hydrometallurgical plant
Lead firm on the deal
2014–2015
US$15 million equity sale of XacBank — led the divestment
XacBank shareholders
2014–2015
High Level Technology Fund — US$100m private equity fund proposal, Singapore domiciled
Fund formation

Critical minerals & industry

Mushgia Ukhaa rare earth deposit — 330,710 t REO resource, transaction structuring
GSB Mining LLC
Altangol quartz sands — 201.1 Mt resource, SiO₂ 98.1%, for PV-grade silica
Project owner
Steppe Metal Powder — copper and copper-alloy powder plant, US$10m investment
Steppe Metal Powder
est. 2017
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