GDF SUEZ Preferred Bidder Status Confirmed for Power Plant in Mongolia
OREANDA-NEWS. GDF SUEZ is pleased to announce, together with its consortium partners, that its preferred bidder status for the combined heat and power plant CHP5 in Ulaanbaatar, the capital of Mongolia, has been confirmed. A Memorandum of Understanding has been signed with the new Mongolian government allowing the consortium to begin talks on project agreements.
Following financial close the consortium will build and operate a coal-fired CHP plant with an electricity capacity of 415MW and a steam capacity of 587MW. The plant will have three circulating fluidised bed boilers that use efficient pollutant control measures to significantly reduce emissions of particulates.
The entire output from the plant will be purchased by the Mongolian government under a 25-year Power Purchase Agreement. The steam produced will be used for city heating in Ulaanbaatar.
The new plant will support the rising energy demand in Mongolia, which is largely driven by the mining sector and the abundant supply of natural resources, together with a growing population.
The consortium comprises GDF SUEZ (30%), Sojitz Corp (30%), POSCO ENERGY (30%) and Newcom LLC (10%).