Build the plant ! Sometimes I wonder if it would not be possible to get a consortium together to build the power plant without waiting for the PPA. PCY has the land use approval, the power plant construction approval, environmental licences etc.
It is clear to everyone that Mongolia and the mining companies there will be desparate for power in the coming years. Sell power to the highest bidder in 2015.
PCY, the construction cmpany, the equipment supplier (GE financial?) etc couldbe part of the consortium.