1 TMK DRILLS FINAL MONGOLIAN PILOT HOLE AMID DEVELOPMENT PARTNERSHIP TALKS WWW.THEWEST.COM.AU PUBLISHED:2025/06/30      2 PM PLANS TO CUT BUDGET BY 2 TRILLION MNT WWW.GOGO.MN PUBLISHED:2025/06/30      3 THE MONGOLZ ANNOUNCE ACADEMY ROSTER / MONGOLIAN PASSION FOR COUNTER-STRIKE / WHY ARE MORE TEAMS INVESTING MORE IN ACADEMY ROSTERS? WWW.ESPORTS-NEWS.CO.UK  PUBLISHED:2025/06/30      4 FIBA 3X3 WORLD CUP 2025: SPAIN AND THE NETHERLANDS CROWNED MEN'S AND WOMEN'S CHAMPIONS WWW.OLYMPICS.COM PUBLISHED:2025/06/30      5 FIRST POLITICAL CONSULTATIONS BETWEEN THE MINISTRIES OF FOREIGN AFFAIRS OF MONGOLIA AND THE KINGDOM OF BELGIUM TAKES PLACE IN BRUSSELS WWW.MONTSAME.MN PUBLISHED:2025/06/30      6 OPINION: BEYOND THE STEPPE AND THE OASIS – UZBEKISTAN AND MONGOLIA FORGE A NEW EURASIAN AXIS WWW.TIMESCA.COM PUBLISHED:2025/06/30      7 SOUTHGOBI RESOURCES' AGM APPROVAL SIGNALS GOVERNANCE STRENGTH AND STRATEGIC CLARITY AMID DEBT DEFERRAL WWW.AINVEST.COM PUBLISHED:2025/06/30      8 MONGOLIA: STAFF CONCLUDING STATEMENT OF THE 2025 ARTICLE IV MISSION WWW.IMF.ORG PUBLISHED:2025/06/29      9 MONGOLIA UPSET USA AT FIBA 3X3 WORLD CUP 2025 QUARTER-FINALS WWW.FIBA.BASKETBALL  PUBLISHED:2025/06/29      10 KYRGYZSTAN, MONGOLIA ENHANCE BILATERAL COOPERATION WWW.XINHUANET.COM PUBLISHED:2025/06/29      Г.ЗАНДАНШАТАР: УУЛ УУРХАЙН ЛИЦЕНЗИЙГ ШАМШИГДУУЛЖ АВСАН НИЙТИЙН АЛБАН ТУШААЛТАНД ХАРИУЦЛАГА ТООЦНО WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/30     С.БАДРАЛ: ШИЙДВЭР ГАРГАГЧИД AI НЭРИЙН ДОРХ ШОУГАА ЗОГСООЖ, ХИЙМЭЛ ОЮУНЫ СТРАТЕГИЭ БАТЛАХ ХЭРЭГТЭЙ WWW.GOGO.MN НИЙТЭЛСЭН:2025/06/30     THE MONGOLZ АКАДЕМИЙНХАА БҮРЭЛДЭХҮҮНИЙГ ЗАРЛАЛАА WWW.NEWS.MN НИЙТЭЛСЭН:2025/06/30     Д.АМАРБАЯСГАЛАН: УИХ ХҮНИЙ ЭРХИЙГ ДЭЭДЭЛСЭН, ХҮН ТӨВТЭЙ ХУУЛЬ, ЭРХ ЗҮЙН ОРЧНЫГ БҮРДҮҮЛЭХЭЭР АЖИЛЛАЖ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/30     СҮҮЛИЙН ТАВ ХОНОГТ 22 УДААГИЙН ОЙ, ХЭЭРИЙН ТҮЙМЭР БҮРТГЭГДСНЭЭС 12 ТҮЙМРИЙГ БҮРЭН УНТРААЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/06/30     ТАРИАЛАЛТ 74 ХУВЬТАЙ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/30     ЗАЙСАНГИЙН ШИНЭ ГҮҮРНИЙ ХӨДӨЛГӨӨНИЙГ НЭЭЛЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/06/30     19 САЯ ТӨЛ ХҮЛЭЭН АВААД БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/06/29     “БАРУУН-УРТ-БИЧИГТ” ЧИГЛЭЛИЙН АВТО ЗАМЫН 152 КМ ХАТУУ ХУЧИЛТТАЙ АВТО ЗАМЫН БАРИЛГЫН АЖИЛ ЭХЭЛЛЭЭ WWW.ZINDAA.MN НИЙТЭЛСЭН:2025/06/29     ОЙ ХЭЭРИЙН 4 ТҮЙМРИЙГ УНТРААЖ, 6 ТҮЙМРИЙГ ЦУРАМД ОРУУЛЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/06/29    

Government to bear expenses of Tavan Tolgoi Power Plant project www.montsame.mn

Ulaanbaatar /MONTSAME/. At its regular weekly meeting held today, the cabinet decided to build 450 MW Tavan Tolgoi Power Plant (TTPP) in Umnugobi aimag between 2020 and 2024, based on a ready-made feasibility study of 2013, analyses on its water and coal supply and infrastructure facilities, and environment assessments, without changing its current location in the Tavan Tolgoi coal mining area.

The government is responsible for funding the TTPP project, which will be made available from every possible financial sources, including foreign loans, said Minister of Energy Ts.Davaasuren to the press after the cabinet meeting.

In 2018, the government reached an agreement with the Oyu Tolgoi LLC for the construction of the Tavan Tolgoi-based power solution for the Oyu Tolgoi copper-gold mine by June 30, 2023.

In February 2020, Turquoise Hill Resources, an international mining company, who owns 66 percent of the Oyu Tolgoi mine in Mongolia, has submitted a TTPP Feasibility Study, based on a 300 MW coal fired power plant to be located approximately 150 kilometers from the Oyu Tolgoi mine in Tsogttsetsii soum of Umnugobi aimag, with a total project cost estimate of up to USD 924 million.

However, according to Minister Davaasuren, the Oyu Tolgoi’s proposal on the TTPP project with development cost 2-3 times higher than world market prices is financially impossible to be realized. “It also has been considered that the date when Mongolia starts receiving dividends from Oyu Tolgoi could be postponed further due to the high cost of the TTPP construction” added the Minister.

The TTPP project with a payback period of 5 years will cost 30 percent less than Oyu Tolgoi’s proposed investment and the cost of energy generation is estimated to be 50 percent cheaper.

“Considering the fact that the annual spending on power purchase for Oyu Tolgoi from China to support its operations reaches USD 170-200 million and it is calculated to take around five years for the government of Mongolia to recover the cost of TTPP project investment, said Minister Davaasuren.

Once it is built, the TTPP holds a number of advantages of ensuring reliable power supply for the mining industry in southern Mongolia and increasing the economic benefits of the Oyu Tolgoi project by saving coal transportation costs. The state-run TTPP, which will supply electricity to the Oyu Tolgoi mine, will be established at the Erdenes Tavan Tolgoi JSC, government-owned company, reports the Cabinet Secretariat.



Published Date:2020-04-08