$678,481,000,000

This Coal-Fired Power Plant is a landmark project designed to meet Mongolia’s growing energy needs while addressing critical infrastructure gaps. The project is vital to Mongolia’s energy independence, supporting domestic growth, minimising power imports, and addressing frequent power outages due to ageing infrastructure. By leveraging Mongolia’s abundant coal reserves, the project will reduce reliance on foreign energy imports, ensure a stable electricity supply, and bolster the nation’s industrial capacity. The project requires a total investment of USD 500 million. The plant will be located in the Baganuur District, approximately 130 km east of Ulaanbaatar. It is slated to have a total capacity of 400 MW, powered by two 200 MW units, and using Circulating Fluidized Bed (CFB) technology to optimise fuel efficiency and minimise environmental impact. After a 24-month construction period, the power plant is scheduled for completion in April 2027, with an expected operating lifespan of over 40 years. The operators of this plant have secured off-take agreements with the Mongolian government that guarantee consumption of at least 60% of the power generated with up to 100% expected.