- PROJECT IMPLEMENTER
- INVESTOR
- INSTALLED CAPACITY
- TOTAL INVESTMENT
- PROJECT IMPLEMENT PERIOD
- PAYBACK PERIOD
“TSAIDAM POWER PLANT” LLC
“MONCOAL PETRO MINING” LLC SHALL COOPERATE BY SUPPLYING 100% ENERGY COAL.
420MW
USD 567,0 MILLION
5 YEARS
6.9 YEARS
PROJECT ECONOMIC BENEFITS
As part of the “NEW RECOVERY POLICY” being implemented by the Government of Mongolia, the
Government has announced its policy support to attract foreign investment and create a favorable legal and tax environment by focusing on the energy sector.
Mongolia’s annual energy consumption in 2021was 9.7 billion kWh, of which 80.4% was produced domestically and 19.6% was imported. Energy consumption is steadily increasing by 11%-12% annually and by 20% during peak hours.
There are no real and currently implementing energy projects in Mongolia today.
Therefore the “Tsaidam power plant” project is a highly cost-effective in terms of economy and highly expected project.
The power plant has concluded an agreement with the Government of Mongolia to generate 2.3 billion kWh of electricity per year and sell it for $0.073 per kWh.
The total investment of power plant is $567 million and the payback period is 6.9 years.
RESOURCES OF COAL MINE DEPOSIT TO BE USED BY TSAIDAM POWER PLANT
TSAIDAM COAL MINE RESOURCES WERE ESTIMATED AS FOLLOWS:
- 842.5 million.ton by Erdgeo company, Mongolia.
- 727.3 million ton by Australian SRK Consulting company by JORK standard, respectively.
- The avarage calorific value of coal - 3500kCal/kg