Tsaidamnuur power station
|This article is part of the CoalSwarm coverage of Mongolia and coal|
The Tsaidamnuur power station is a proposed 600-megawatt (MW) coal-fired power station in Tuv province, Mongolia.
The map below shows the proposed location for the plant, near Bayanjargalan in Tuv province.
Tengri Holding proposed a 600 MW supercritical coal plant for Bayanjargalan in Tuv province, Mongolia. It would be fueled by a proposed open-cut thermal coal mine in central Mongolia, also sponsored by Tengri Holding.
In August 2020, QT Vascular looked to acquire the entire interest in Tengri Coal and Energy (TCE) for US$1 billion in cash and new shares. The independent valuation was to take into account "all designs, permits and licences to build and operate a 600-megawatt (MW) coal-fired power plant." In addition, it would take into account "the executed agreements with a Chinese state-owned enterprise to provide 85 per cent debt financing for the construction of a power plant" and TCE signed an agreement with a New York venture capital firm to provide the rest of the funding for, among others, the remaining 15 per cent for the plant's construction.
However, in November 2020, QT Vascular announced that the conditional sale and purchase agreement signed with the Mongolian mining and energy company had ceased.
Without any known developments since 2018, the project appears to be shelved.
- Sponsor: Tengri Coal & Energy Corporation Ltd.
- Parent company: Tengri Holding
- Location: Bayanjargalan, Tuv province, Mongolia
- Coordinates: 47.0602774, 107.8135107 (exact)
- Status: Shelved
- Gross Capacity: 600 MW
- Type: Supercritical
- Projected in service:
- Coal Type:
- Coal Source: Domestic
- Source of financing:
Articles and resources
- "International Millennium Mining Corp. Announces Transaction With Phoenix Capital Enterprises Ltd," International Millenium Mining Corporation, August 31, 2018
- Energy Projects, Tengri Holding, accessed March 2020
- "Mongolia mining, energy group to be injected into QT Vascular in S$1b RTO," Business Times, August 24, 2020
- "QT Vascular shares plunge after it scraps $1 billion reverse takeover plan," The Straits Times, November 23, 2020