Mongolia establishes cooperation documents with Chinese companies on power plants

2015-09-11 17:57:18

Ulaanbaatar /MONTSAME/ The Prime Minister of Mongolia Ch.Saikhanbileg Thursday received authorities of the China’s “Power China Resources” Company and the “Senco III” LLC that are implementing projects in Mongolia on the energy industry, during participating in the Summer Davos Forum in Dalian, China.

At the meeting, the China’s companies presented to the Premier their projects being realized in Mongolia. Saying that the energy sector is one of the vital spheres of Mongolian economy, the Premier expressed his satisfaction with starting of joint projects on constructing power plants in Mongolia.

Following the meeting, agreements were signed between Mongolia and the China’s companies on realizing project on building the “Tevshiin Gobi” and “Booroljuut”power plants.

Signed between the SENCO III and Mogul Power LLC, the project on establishing the “Tevshiin Gobi” power plant has an investment of some USD one billion. The second project’s agreement was established between the Power China Resources company and Bodi International LLC. It also has an investment of over USD one billion, and the project is expected to continue for 31 years.

The projects will play a vital role in ensuring increasing needs of energy in Mongolia, and will help to create reliable energy sources for Mongolia, said Mr D.Zorigt, the Minister of Energy.

Present at the signing ceremonies were D.Zorigt MP, the Minister of Energy; D.Sumyabazar MP; B.Delgermaa, an advisor to the Prime Minister; and leaders of the Mogul Power and the Bodi Group.