Mongolia Seeks Investors for Thermal Plant to Power Oyu Tolgoi
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Mongolia is seeking international investors to help fund a coal-fired thermal plant in the Gobi Desert to power its biggest infrastructure project, the Oyu Tolgoi copper and gold mine.
“The total cost to build the power station will be roughly $500 million,” said Odon Sainbuyan, the Executive Director of Erdenes MGL, a state-owned company that holds the shares of Mongolia’s strategic deposits, including Erdenes Oyu Tolgoi and Erdenes Tavan Tolgoi.