Энэ 7 хоногт
In clarification on Mogoi Gol Power Plant, according to Frontier Securities alert of January 5,2010
It is first ever Mongolian EPCM Contract to build a Thermal Power Plant with private investment in BOO terms in country’s energy industry.
“Major Mongolian daily “Zuuny Medee” reported January 4, 2010 at 3pm that “On December 29, 2009, Mongolia-China joint venture YUANDA GROUP announced that it and its partner NEW ASIA MINING GROUP have signed an Engineering, Procurement, Construction and Management contract (EPCM) with the Ministry of Mineral Resources and Energy, Mongolia, to construct a 60MW coal-fired Power Plant, based on Mogoin gol Coal Mine in northwestern Hovsgol Province in order to provide two provinces without reliable energy source namely Zavkhan and Gobi-Altai in western Mongolia.
It is first ever Mongolian EPCM Contract to build a Thermal Power Plant with private investment in BOO terms in country’s energy industry.
In collaboration with its Chinese partner, the project company will construct an eco-friendly Power Plant with minimum capacity of 60 MW and up-to-date technology within 20 months and it is expected be commissioned in the end of 2011. Commercial operation of the Power Plant is expected to begin in early 2012. Estimated investment for the project is USD110 million.
The electricity, generated by the Power Plant will be mainly utilized by customers in two provinces: Zavkhan and Gobi-Altai and then customers in western region of Mongolia in future.
Company officials said that Mongolia-China joint ventures: YUANDA GROUP and NEW ASIA MINING GROUP will work diligently with Energy Authority of Mongolia to build and then operate and maintain this plant in a manner that is in the best interests of all parties.
Company said that the contract is also a significant step in helping to build infrastructure in these provinces with poor infrastructure: "We are proud to build the PP in helping to rebuild our nation"s infrastructure and sustain economic growth. In addition to generating electricity cleanly and safely, reducing our reliance on foreign imports, the construction of new power plant will create numerous opportunities for employment. YUANDA GROUP and NEW ASIA MINING GROUP are proud to be part of one of the most important industrial undertakings of this century."
They also pointed out that new power plant construction has the ability to help reinvigorate local economies. "Once operational, new Power Plant will require the services of 400 to 500 skilled, full-time employees while creating more indirect jobs," they said.
The project will create development gate or numerous business opportunities in these poorly-developed remote provinces of the country.“
It is first ever Mongolian EPCM Contract to build a Thermal Power Plant with private investment in BOO terms in country’s energy industry.
In collaboration with its Chinese partner, the project company will construct an eco-friendly Power Plant with minimum capacity of 60 MW and up-to-date technology within 20 months and it is expected be commissioned in the end of 2011. Commercial operation of the Power Plant is expected to begin in early 2012. Estimated investment for the project is USD110 million.
The electricity, generated by the Power Plant will be mainly utilized by customers in two provinces: Zavkhan and Gobi-Altai and then customers in western region of Mongolia in future.
Company officials said that Mongolia-China joint ventures: YUANDA GROUP and NEW ASIA MINING GROUP will work diligently with Energy Authority of Mongolia to build and then operate and maintain this plant in a manner that is in the best interests of all parties.
Company said that the contract is also a significant step in helping to build infrastructure in these provinces with poor infrastructure: "We are proud to build the PP in helping to rebuild our nation"s infrastructure and sustain economic growth. In addition to generating electricity cleanly and safely, reducing our reliance on foreign imports, the construction of new power plant will create numerous opportunities for employment. YUANDA GROUP and NEW ASIA MINING GROUP are proud to be part of one of the most important industrial undertakings of this century."
They also pointed out that new power plant construction has the ability to help reinvigorate local economies. "Once operational, new Power Plant will require the services of 400 to 500 skilled, full-time employees while creating more indirect jobs," they said.
The project will create development gate or numerous business opportunities in these poorly-developed remote provinces of the country.“
