Government discusses Oyutolgoi power plant
The Government is discussing power supply issues at the Oyutolgoi deposit mine, where plans to build a new power plant still await the Government’s approval.
According to the Oyutolgoi investment agreement, power is to be imported from China until the new plant is completed by 2017. But the Oyutolgoi project needs the power plant to be built ahead of schedule, due to difficulty importing power from China. Construction will cost an estimated USD 1 billion.
Oyutolgoi currently is getting its power from diesel fuel. Once the Government makes a decision, investors say the new power plant could be built in 18 months.
According to the Oyutolgoi investment agreement, power is to be imported from China until the new plant is completed by 2017. But the Oyutolgoi project needs the power plant to be built ahead of schedule, due to difficulty importing power from China. Construction will cost an estimated USD 1 billion.
Oyutolgoi currently is getting its power from diesel fuel. Once the Government makes a decision, investors say the new power plant could be built in 18 months.
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