With the discount loan borrowed from China, Mongolia set to intensify the refurbishment of thermal power station in Erdenet city. In this regard, 30% of total investment for the project will be finalized via bridging finance by Development Bank of Mongolia, the board of the bank approved.
The extension of the power plant with 35 MW will be important for supplying local energy demands and reducing energy import from Russia, with the aim to double up the current production of the energy and to reduce the cost per 1kW by MNT 41.32.
In the framework of the project, 35MW turbine generator will be installed, with the refurbishment of chemical and water purification facilities and the construction of water-cooling tower.
Total investment to extend and refurbish Erdenet’s thermal power plant is worth of USD 53.8 million.
With the discount loan borrowed from China, Mongolia set to intensify the refurbishment of thermal power station in Erdenet city. In this regard, 30% of total investment for the project will be finalized via bridging finance by Development Bank of Mongolia, the board of the bank approved.
The extension of the power plant with 35 MW will be important for supplying local energy demands and reducing energy import from Russia, with the aim to double up the current production of the energy and to reduce the cost per 1kW by MNT 41.32.
In the framework of the project, 35MW turbine generator will be installed, with the refurbishment of chemical and water purification facilities and the construction of water-cooling tower.
Total investment to extend and refurbish Erdenet’s thermal power plant is worth of USD 53.8 million.