Draft investment agreement on TT Power Plant finalized

Politics
Amarsaikhan.B
en_amarsaikhan@montsame.mn
2016-06-20 15:53:54

Ulaanbaatar /MONTSAME/ On Monday, cabinet considered the draft Investment Agreement of the Tavantolgoi Power Plant, which was prepared by the working group headed by Minister M.Enkhsaikhan. The cabinet assigned corresponding officials to prepare signing of this agreement with the selected investor, Marubeni Corporation of Japan.

Marubeni has been selected as the key investor in the project that requires total of USD 1 billion investment, 30% of which will be provided in a form of the direct investment from the key investor and 70% is to be raised from international banks and financial institutions.

Tavantolgoi power plant is designed to have 450 MW per annual capacity, with Oyu Tolgoi as the main consumer. 

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