RE: RE: RE: Holy Cow well, with the speed of a turtle, the Government of Mongolia, specifically the Energy dept, it is possible that it will be then...however, I do really feel they have to turn the corner, as a country, with fell good, happy news to really bring back the foreign direct investments. This power plant, with the signing of the PPA, will be the part of good news coming out of the country, along with the 21 scholarships and sponsoring the local events by Prophecy...
the ministry of Energy is going t sign and MOU at the conference next week...wonder what that is about?
https://www.prophecycoal.com/pdf/ppt/Energy_Mongolia_2013.PDF
so looking at the timing of things...we are obviously at a point we need the PPA signed yesterday,,,but it does say "expedited"
• Concluding the PPA with the Working Group in an expedited manner;
• Finalizing joint venture discussions with several major Independent Power Plant (“IPP”) enterprises, whereby the Company is targeting a significant infusion of capital and expertise from IPP partner(s); and
• Advancing final selection of an Engineering, Procurement and Construction (“EPC”) turnkey contractor for the Power Project.
the ride will be fun