EBRD considers financing Tsetsii wind farm in Mongolia
The EBRD is considering providing a senior loan of up to US$25 million to Clean Energy Asia LLC to support the development, construction and operation of the Tsetsii Wind Farm, a 50MW wind power plant to be located 542 km south from Mongolia's capital Ulaanbaatar in the Gobi desert.
The total project investment is estimated at US$120 million. Clean Energy Asia LLC is 51 percent owned by Ulaanbaatar-based Newcom and 49 percent by Japan’s SB Energy.
The operation will be the second wind energy project developed in Mongolia and will contribute to reducing Mongolia's carbon intensity as well as meeting its increasing power demand. In addition, the project will also strengthen the private sector presence in the energy sector in the country.
The Project will result in a new private entrant in the Mongolian power generation sector; and will assist Mongolia in diversifying its coal-dependent power sector and reducing CO2 emissions by up to 230, 000 tons per year.
Country news
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June 24, 2014
GDF consortium signs Concession Agreement for 415MW power plant in Mongolia
GDF SUEZ has announced that the consortium comprising GDF SUEZ (30%), Sojitz Corp (30%), POSCO ENERGY (30%) and Newcom LLC (10%) has signed a Concession Agreement for the combined heat and power CHP 5 plant in Ulaanbaatar, the capital of Mongolia. Read more -
June 29, 2015
Sinohydro signs renewables investment agreement in inner Mongolia
A local government in Inner Mongolia has made a deal with two entities of China's Sinohydro Corp. chosen to develop 300 MW of renewable power capacity in the region. Read more -
August 07, 2015
Mongolia signs PPA for $1.5bn CHP plant with Engie-led consortium
The Mongolian Government has signed a Power Purchase Agreement (PPA) for the power generated by the 450 MW electricity, 587 MW heat CHP 5 project owned by an Engie-led consortium. Read more
