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GDF SUEZ is pleased to announce that together with consortium partners, it has signed a Concession Agreement for the combined heat and power CHP 5 plant in Ulaanbaatar, the capital of Mongolia. This important step allows our consortium to enter into exclusive negotiations for a 25-year Power Purchase Agreement (PPA) with the Government of Mongolia.
Following the signing of the PPA and financial close, the consortium will build and operate a coal-fired CHP plant with electricity capacity of 415MW and steam capacity of 587MW. The plant will have three circulating fluidised bed boilers that use efficient control measures to significantly reduce emissions of particulates.
The entire output from the plant will be purchased by the Mongolian government and the steam produced will be used for city heating in Ulaanbaatar. The new plant will help to meet the rising energy demand in Mongolia, which is largely driven by the mining sector and a growing population.
The consortium comprises GDF SUEZ (30%), Sojitz Corp (30%), POSCO ENERGY (30%) and Newcom LLC (10%).