600 MW Power Plant & Coal Mine | Mongolia

TNG is both a mining operation to supply coal for the electrical power plant. The Tengri Coal & Energy (TCE) 600 MW Mine-Mouth Power Project in Mongolia represents one of the country’s most strategically important and financially attractive infrastructure investments. With a total CAPEX of USD 860 million, the project is fully permitted and shovel-ready, anchored by a 25-year sovereign Power Purchase Agreement (PPA) at USD 0.07/kWh for 300 MW, with the remaining output secured through captive consumption. A KPMG-validated financial model confirms a 16% IRR and a 6-8 year payback period. The project delivers essential baseload power to a market that currently imports over 20% of its electricity, directly supporting Mongolia’s energy security and reform agenda. Its chimney-less supercritical design achieves emissions far cleaner than EU standards, while the parallel rollout of 200 MW of wind and solar positions TCE as a transitional platform toward Net Zero. The project also includes a 200 km transmission line into the Central Energy System, reinforcing Mongolia’s grid and enabling future regional power trade.