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20
Jun
2014

GDF SUEZ signs Concession Agreement for 415MW power plant in Mongolia

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.

GDF SUEZ signs Concession Agreement for 415MW power plant in MongoliaFollowing 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%).

Background on consortium partners:

  • Sojitz Corporation: Japan’s sixth largest trading corporation
  • POSCO ENERGY: South Korea’s largest private power producer
  • Newcom LLC: leading Mongolian conglomerate involved in telecommunications, civil aviation, renewable energy, real estate and construction & mining equipment
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