China backs $1bn power plant in Mongolia

Chinese state owned enterprise SEPCOIII Electric Power Construction is backing a plan to build a 600 MW power plant in eastern Mongolia.

The Tevshiin Gobi mine mouth coal-fired power project will be constructed at the Tevshiin Gobi coal deposit in the Santsagaan Sum of the Dondgobi province.
Mogul Power, backed by affiliates of investment manager Firebird Management, has entered into a binding memorandum of understanding with the Chinese company.

In addition to securing Mongolian Ministry of Energy approval in 2013, the proposed power plant secured construction permit from the Mongolian Energy Regulatory Commission and environmental impact assessment approval from the Ministry of Environment.

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