Prime Minister Ch Saikhanbileg addressed a ceremony on Tuesday in the State House for signing contracts on investment in the “Booroljuut” coal mine and energy purchase from power plant.
To be established between the government of Mongolia and investors, the documents were signed by D.Zorigt, the Mongolian Minister of Energy; D.Bayasgalan, CEO of the “Bodi International” LLC; Shing Yuming, CEO of the Power China Resources company; and B.Amarmend, Executive director of the “Tsetsens Mining and Energy” LLC.
“Signing of the Booroljuut project’s investment contract shows a clear evidence that Mongolia has come back to business and investments are rising again in Mongolia,” the Prime Minister said at the signing ceremony.
According to the feasibility, the thermal power plant with the capability of 600 MWT will have 70 km overhead electric lines, while the coal mine will exploit 3 million tons of coal a year.
“This project will open the electricity and money flows into Mongolia. Having huge resources of energy, Mongolia is improving the legal condition for making investments” the Premier said.
Located 120 km far from Ulaanbaatar city, the “Booroljuut” coal mine and power plant have many advantages in terms of location, infrastructural condition and ecology. It is expected that the power plant will produce 1.6 billion KWT/h which is about 30 per cent of total consumption of energy by 2019. The production will be increasing to 3.2 billion KWT/h from 2022.
Prime Minister Ch Saikhanbileg addressed a ceremony on Tuesday in the State House for signing contracts on investment in the “Booroljuut” coal mine and energy purchase from power plant.
To be established between the government of Mongolia and investors, the documents were signed by D.Zorigt, the Mongolian Minister of Energy; D.Bayasgalan, CEO of the “Bodi International” LLC; Shing Yuming, CEO of the Power China Resources company; and B.Amarmend, Executive director of the “Tsetsens Mining and Energy” LLC.
“Signing of the Booroljuut project’s investment contract shows a clear evidence that Mongolia has come back to business and investments are rising again in Mongolia,” the Prime Minister said at the signing ceremony.
According to the feasibility, the thermal power plant with the capability of 600 MWT will have 70 km overhead electric lines, while the coal mine will exploit 3 million tons of coal a year.
“This project will open the electricity and money flows into Mongolia. Having huge resources of energy, Mongolia is improving the legal condition for making investments” the Premier said.
Located 120 km far from Ulaanbaatar city, the “Booroljuut” coal mine and power plant have many advantages in terms of location, infrastructural condition and ecology. It is expected that the power plant will produce 1.6 billion KWT/h which is about 30 per cent of total consumption of energy by 2019. The production will be increasing to 3.2 billion KWT/h from 2022.