Tsaidamnuur power station
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Tsaidamnuur power station (Цайдам нуурын дулааны станц) is a cancelled power station in Bayanjargalan, Tov, Mongolia.
Location
Table 1: Project-level location details
| Plant name | Location | Coordinates (WGS 84) |
|---|---|---|
| Tsaidamnuur power station | Bayanjargalan, Tov, Mongolia | 47.060277, 107.813511 (exact) |
Unit-level coordinates (WGS 84):
- ': 47.060277, 107.813511
Project Details
Table 2: Unit-level details
| Status | Fuel(s) | Capacity (MW) | Technology |
|---|---|---|---|
| Cancelled | coal: unknown | 600 | supercritical |
Table 3: Unit-level ownership and operator details
| Owner | Parent |
|---|---|
| Tengri Coal & Energy Pte Ltd [100%] | Tengri Holding LLC |
Project-level coal details
- Coal source(s): Tsaidamnuur Nuur coal deposit
Ownership Tree
This ownership tree is part of the Global Energy Ownership Tracker, a project of Global Energy Monitor.
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 S$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]
In April 2021, BlackGold announced it was acquiring the energy construction and mining-related group for US$1 billion. (BlackGold Natural Resources Limited signed a non-binding term sheet with MGL Development Pte. Ltd. to purchase Tengri Coal and Energy Pte. Limited. MGL was the shareholder of TEC, which owned Tengri Petrochemicals LLC, which in turn owned Tsaidam Energy LLC.) The press release described the 600 MW project, a US$860 million capital expenditure project, as "now ready for groundbreaking."[5]
However, in August 2021, the planned acquisition was reportedly scrapped. The seller, TCE's sole shareholder, terminated the sale and purchase agreement as a share placement exercise was not completed by the deadline. The deal, valued at S$1 billion, would have resulted in a reverse takeover of BlackGold.[6]
With no recent known developments on the project, it is presumed shelved or cancelled.
Articles and Resources
References
- ↑ "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
- ↑ "BlackGold to Acquire Energy Construction and Mining-related Group in Mongolia for S$1 Billion," Black Gold, April 9, 2021
- ↑ "BlackGold's proposed reverse takeover falls through," Business Times, August 12, 2021
Additional data
To access additional data, including an interactive map of coal-fired power stations, a downloadable dataset, and summary data, please visit the Global Coal Plant Tracker on the Global Energy Monitor website.
