Mongolia selects GDF Suez for $1.2B coal power project



A consortium led by GDF Suez has been selected by the Mongolian government to build a $1.2 billion coal-fired power plant in the country’s capital of Ulaanbaatar, reports Bloomberg.

Energy Minister Mishig Sonompil announced to reporters that GDF, Sojitz, Posco Energy, and Mongolia’s Newcom Group have signed a memorandum of understanding to build a new 450 MW combined heat and power plant. According to the article, the GDF Suez group beat a bid from a partnership that included Samsung C&T and Korea Southern Power.

The new coal-fueled plant will help meet growing energy demands in Ulaanbaatar, which has seen its population double over the last 15 years. The new facility is set for development 9 miles (15km) east of downtown Ulaanbaatar, with commissioning expected by 2017.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs