ID :
410674
Mon, 06/27/2016 - 12:09
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Mongolia to become new player in energy industry

Ulaanbaatar /MONTSAME/ As Mongolia’s economy expands, the energy consumption spikes up. Therefore the cabinet has decided to launch several energy project that would meet the ever-growing domestic energy needs, such as Baganuur, Tavantolgoi and Booroljuut plants and Shivee Energy projects, reports the Ministry of Energy. The Baganuur Power Plant project, aiming at covering the increasing consumption of energy in the central region (Baganuur-Choir area including Dornogovi, Dundgovi and Khentii), has been decided to implement on a concession agreement. The total cost of the project is estimated at USD 800-900 million. The plant is to be based on Choir-Nyalga coal deposit and with estimated annual production capacity of 700 MW. As for the Booroljuut Power Plant, it is expected to contribute USD 35.5 million each year and over USD one billion in total to the state budget and provide more than 300 workplaces. The plant will be located in Bayanjargalan soum of Tuv (Central) province. The production capacity is 300 MW a year. The Marubeni Corporation of Japan was selected as the strategic investor in the Tavantolgoi Power Plant Project. Initial cost of the project totaled to about USD one billion. Project implementation might last for some 30 years, employing 2,000-3,000 people during construction and installation. Commissioning is expected in 2019. The main consumer will be Oyu Tolgoi LLC.

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