Japan’s Marubeni wins Tavan Tolgoi Power Plant investment tender


Japan’s Marubeni Corporation has won the Tavan Tolgoi Power Plant project tender, according to the Mongolian government website zasag.mn.
The Tavan Tolgoi Power Plant project committee met on February 28 and selected Marubeni Corporation to undertake investment in the power plant. Marubeni is a leading energy sector company that manages and operates power plants in over 22 countries. The selection process was monitored by the Deloitte auditing firm.
The government decided to build a power plant adjacent to Mongolia’s biggest coal mine, Tavan Tolgoi, in 2013 and formed a project team. The project team says that they have completed over 20 studies and 15 draft contracts for the Tavan Tolgoi project. These include a pre feasibility study, and studies of the mine’s deposit, water reserves, air quality, location, power lines, and pipelines.
The power plant will be built adjacent to Tavan Tolgoi, one of the world’s largest untapped coking and thermal coal deposits, located in Umnugovi Province in southern Mongolia. The power plant is expected to source its coal supply from Tavan Tolgoi, which has a total estimated resource of 6.4 billion tons, one quarter of which is high quality coking coal. The mine is divided into six sections: Tsankhi, Ukhaa Khudag, Bor Tolgoi, Borteeg, and the Southwest and Eastern coalfields. The Tsankhi section is the largest part, and is divided into the East and West Tsankhi.
Tavan Tolgoi is state-owned through Erdenes Mongol LLC, except for the Ukhaa Khudag section, which is mined by the Mongolian Mining Corporation. Erdenes Tavan Tolgoi JSC, a subsidiary of Erdenes Mongol, is managing the development of the East Tsankhi.
The Tavan Tolgoi coal mine and its related projects have been debated by the Government of Mongolia for decades. The full-scale development of the mine is still being debated by lawmakers.

Short URL: http://ubpost.mongolnews.mn/?p=18643

Posted by on Mar 2 2016. Filed under Business & Economics. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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