Mongolia Seeks $828 Million From China for Largest Hydro Project
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Mongolia asked China for $827.6 million to build a hydroelectric plant and dam, the largest such project in a country reliant on coal and Russian energy to power its burgeoning mines.
The loan for the planned 315-megawatt facility on the Eg River, part of the Egiin Gol Hydropower Plant Project, may be approved by year-end, EGHPP Director Odkhuu Durzee said Monday.