MRAM – Ulaanbaatar Combined Heat and Thermal Power Plant V 450 MW – Mongolia - Project Profile
"MRAM – Ulaanbaatar Combined Heat and Thermal Power Plant V 450 MW – Mongolia - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
The "MRAM – Ulaanbaatar Combined Heat and Thermal Power Plant V 450 MW – Mongolia - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.
The Ministry of Mineral Resources and Energy (MRAM) is planning to undertake the construction of a combined heat and power plant project in Mongolia.
The project involves the construction of a coal-fired power plant to produce 450MW of power on 43ha of land with an installed capacity of 587 thermal megawatts (MWt).
It will include the construction of a powerhouse, a coal storage facility, steam generating units, pipeline infrastructure, cooling towers, chimneys, three circulating fluidized bed boilers and related facilities, the installation of turbines, transformers and generators, and the laying of transmission lines.
Shearman & Sterling LLP and PricewaterhouseCoopers LLP (PwC) have been appointed as financial advisors, MahoneyLiotta and Baker & McKenzie International as legal adviser and ARC Developments International Pty Ltd as consulting engineer.
The project is planned to be implemented through public-private partnership (PPP) model on the build, own, operate and transfer (BOOT) basis for a concession period of 25 years.
In 2011, MRAM started the tendering process for the appointment of BOOT contractor. Eleven consortia registered their interest. Out of 11 consortia, two consortia including Samsung C&T, Korea Southern Power Co. Ltd, and Ochir Tuv LLC and the consortium of Engie S.A. (formerly known as GDF Suez SA) - led the group, Sojitz Corporation, Posco Energy, and Newcom Group were selected as preferred bidders.
On August 26, 2013, Newcom Group together with its consortium partners was selected as preferred bidder and signed a memorandum of understanding (MoU) for the development of power plant on BOOT basis. The consortium partners include Engie S.A. (30%), Sojitz Corporation (30%), Posco Energy (30%), and Newcom Group (10%).
A special purpose vehicle (SPV) named as Fifth Combined Heat and Power Plant (CHP-5) LLC has been formed to develop and operate the power plant.
In June 2014, the Government of Mongolia (GoM) signed a concession agreement with the consortium.
On July 29, 2015, the consortium signed power purchase agreement (PPA) with the National Dispatching Center LLC and the National Power Transmission Grid State Owned Joint Stock Company, representing the GoM.
An Engie-led group of companies agreed with Mongolia on a PPA.
In August 2015, Credit Agricole, HSBC, Sumitomo Mitsui Banking Corporation and Bank of Tokyo Mitsubishi-UFJ expressed interest to finance.
ADB provided a loan of US$10 million through Japan Fund for the Joint Crediting Mechanism and US$150 million through Ordinary capital resources for supporting the project through a preparation of feasibility study and advisory services to the MRAM on public-private partnership transactions.
The project involves the construction of a coal-fired power plant to produce 450MW of power with an installed capacity of 587MWt on 43ha of land in Ulaanbaatar’s Bayanzurkh district, Mongolia.
The US$1,500 million project includes the following:
1. Construction of three circulating fluidised bed boilers
2. Construction of a substation
3. Construction of a powerhouse
4. Construction of a coal storage facility
5. Construction of combustion cambers
6. Construction of pipeline infrastructure
7. Construction of chimneys
8. Construction of steam generating units
9. Construction of cooling towers
10. Installation of transformers
11. Installation of turbines
12. Installation of generators
13. Laying of transmission lines
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