Tsaidamnuur power station

From Global Energy Monitor
This article is part of the CoalSwarm coverage of Mongolia and coal
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The Tsaidamnuur power station is a proposed 600-megawatt (MW) coal-fired power station in Tuv province, Mongolia.

Location

The map below shows the proposed location for the plant, near Bayanjargalan in Tuv province.

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Background

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.[1][2]

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.[3]

However, in November 2020, QT Vascular announced that the conditional sale and purchase agreement signed with the Mongolian mining and energy company had ceased.[4]

Without any known developments since 2018, the project appears to be shelved.

Project Details

  • 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

References

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