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Cabinet cancels energy cooperation agreement with Oyu Tolgoi www.gogo.mn
The Government of Mongolia has cancelled a 2014 agreement signed with Oyu Tolgoi (OT) regarding the mine's energy needs.
Cabinet noted that it will commit to cooperating in the provision of energy for the mine from domestic sources, as well as in studying the possibility of building a Tavan Tolgoi thermal power station.
The cancellation of the agreement has left OT with finding alternatives to imported power as a source of energy. It is predicted that OT will explore the opportunity to build a thermal power station at the mine site. OT has stated that it will follow the articles of the 2009 investment agreement signed with the government in the future.
Published Date:2018-02-20
