Accord for $1.4 Billion Mongolia Power Plant Could Reduce Pollution
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An Engie-led group of companies has agreed with Mongolia on a Power Purchase Agreement for a $1.4 billion power station in Ulaanbaatar, a project that could help reduce smog plaguing the nation’s capital.
Engie, formerly known as GDF Suez SA, and partners Sojitz Corp. of Japan, South Korea’s Posco Energy Corp. and Mongolia’s Newcom Group signed the PPA with two government agencies on Wednesday in Ulaanbaatar, according to a statement issued by the four companies.