RE: power plant #5 -- newsNice find ubbill...but I am shocked that that our local newshound jjdodo didn't rush to post this instead of his exciting news about GE is opening an office in Mongolia. Nah...why post potentially negative news directly related to PCY when you can post unrelated positive news...
It will be interesting to see if PCY will update pg 39 of their presentation with this info considering it reduces the stated energy deficit by a rather large margin (from a projected -744 to -294 in 2015)
here is the full text
Power Plant V Construction Project to Start in 2011
The Energy Regulation Authority (ERA) announced on May 3 that Power Plant V will be built next to
Power Plant III due to adequate infrastructure, water supply and city structure. The new power plant is
needed to alleviate energy shortages in Mongolia. The Project will be implemented in two phases: Phase
One starting in 2011 envisages construction of 450MW unit of the plant by 2015; Phase Two of the
project will commence after 2015 and a 520MW unit will be completed by 2019. The Asian
Development Bank (ADB) provided a US$1.5mn grant for initial studies. The total construction cost of
the new power plant is estimated at US$1bn
https://www.eurasiac.com/files/mongolia_daily/mongolia_daily_04052011.pdf