A 660 MW capacity thermal power plant will be built in the Bayan soum of Tuv Province. A.Tleikhan, former Minister of Energy, Honored Worker of Industry, and Consulting Engineer of Mongolia, who is a consultant for this project, shared the following information:
-This is a historic day for the energy sector in Mongolia. It has been 40 years since a large-capacity thermal power plant was last built in Mongolia, with the last one constructed in 1984. The long-awaited construction of this new plant has finally begun. It will consist of two blocks, each with a unit capacity of 330 MW, making a total of 660 MW. The project started on March 1 of this year, and the first block will be operational before the 2027 National Naadam Festival.
I have always dreamed of sourcing our energy domestically. After many years of effort, I helped write, approve, and secure funding for this project. Now, I am working as a consultant in the implementation phase. With support from the government, Minister of Energy B.Choijilsuren, E.Tuvshinchuulun, head of the Energy Regulatory Commission, and G.Baljinnyam, Director of the Dispatch Center, this project has come to life.
In just four months, we obtained all the necessary licenses, signed agreements, selected the land, and officially started the project on July 9, 2024.
Currently, we are building accommodations for the plant's workers. By November, we will complete the foundations for the turbines and boilers. Next year, 1,500 people will work here. We've set an ambitious goal to complete four years' worth of work within two years. This project demonstrates how swiftly and efficiently private investments and private sector initiatives can be carried out.
-What are the advantages of the supercritical technology?
-This is one of the most environmentally friendly technologies among coal-fired thermal power plants. Mongolia is building its first supercritical technology-based thermal plant. This technology is highly efficient. For comparison, the unit capacity of our largest power plant, TPP-4, is 123 MW, while the recently opened Booroljuut plant (on October 5, 2024) is 300 MW, and this new plant will have a capacity of 330 MW.
TPP-4 burns 4 million tons of coal annually, but this new plant will burn only 1.8 million tons. As a result, the cost will be halved, making this project a significant contribution to increasing Mongolia's much-needed energy supply.
Is the project fully financed by foreign investors? Can you provide more details?
Yes, this is private investment. The project is financed by $1.2 billion from the Kasen Group, which is listed on the Hong Kong Stock Exchange. It’s remarkable that Mongolia will have a power plant without investing a single tugrik.
The investment will be recouped through 25 years of heat sales to the Central Energy System. After 25 years, the price will be halved.
If we remain committed, we can attract foreign investment. A stable legal environment and government support are critical for this.
Translated by ChatGPT
A 660 MW capacity thermal power plant will be built in the Bayan soum of Tuv Province. A.Tleikhan, former Minister of Energy, Honored Worker of Industry, and Consulting Engineer of Mongolia, who is a consultant for this project, shared the following information:
-This is a historic day for the energy sector in Mongolia. It has been 40 years since a large-capacity thermal power plant was last built in Mongolia, with the last one constructed in 1984. The long-awaited construction of this new plant has finally begun. It will consist of two blocks, each with a unit capacity of 330 MW, making a total of 660 MW. The project started on March 1 of this year, and the first block will be operational before the 2027 National Naadam Festival.
I have always dreamed of sourcing our energy domestically. After many years of effort, I helped write, approve, and secure funding for this project. Now, I am working as a consultant in the implementation phase. With support from the government, Minister of Energy B.Choijilsuren, E.Tuvshinchuulun, head of the Energy Regulatory Commission, and G.Baljinnyam, Director of the Dispatch Center, this project has come to life.
In just four months, we obtained all the necessary licenses, signed agreements, selected the land, and officially started the project on July 9, 2024.
Currently, we are building accommodations for the plant's workers. By November, we will complete the foundations for the turbines and boilers. Next year, 1,500 people will work here. We've set an ambitious goal to complete four years' worth of work within two years. This project demonstrates how swiftly and efficiently private investments and private sector initiatives can be carried out.
-What are the advantages of the supercritical technology?
-This is one of the most environmentally friendly technologies among coal-fired thermal power plants. Mongolia is building its first supercritical technology-based thermal plant. This technology is highly efficient. For comparison, the unit capacity of our largest power plant, TPP-4, is 123 MW, while the recently opened Booroljuut plant (on October 5, 2024) is 300 MW, and this new plant will have a capacity of 330 MW.
TPP-4 burns 4 million tons of coal annually, but this new plant will burn only 1.8 million tons. As a result, the cost will be halved, making this project a significant contribution to increasing Mongolia's much-needed energy supply.
Is the project fully financed by foreign investors? Can you provide more details?
Yes, this is private investment. The project is financed by $1.2 billion from the Kasen Group, which is listed on the Hong Kong Stock Exchange. It’s remarkable that Mongolia will have a power plant without investing a single tugrik.
The investment will be recouped through 25 years of heat sales to the Central Energy System. After 25 years, the price will be halved.
If we remain committed, we can attract foreign investment. A stable legal environment and government support are critical for this.
Translated by ChatGPT