Thermal Power Plant V project cancelled

The American Chamber of Commerce in Mongolia

2018-01-10 11:01 GMT+8

The Ministry of Energy reports that it will not continue with plans for Thermal Power Plant V (TPP5), which has been in discussion since 2011.

The 450 MW power plant was planned to be built on the site of Thermal Power Plant III (TPP3) through a concession agreement.

The plant's energy production capacity would be taken to 830 MW in two phases. There were 24 companies that made bids for the project, including JDF Seuz from France, Sojizt from Japan, Posko Energy from South Korea, and Newcom.

TPP5 was expected to eliminate the need for upgrades at TPP3 and TPP4, but with the cancellation of the TPP5 project the TPP3 and TPP4 upgrades will be carried out.

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