Mongolian Economy and Finance

The 4th Thermal Power Plant, Ulaanbaatar

Mitsubishi Hitachi Power Systems Ltd. (MHPS) has received an order to refurbish eight units at the Ulaanbaatar thermal coal-fired power plant No.4, state owned stock company, which is Mongolia's largest coal-fired thermal power generation plant.

KEPCO, Korea's biggest power supplier, won the exclusive right to build and operate a fossil fuel power plant in Ulaanbaatar, Mongolia, the company said Friday.

A renewable energy project in Mongolia has won a prestigious US Treasury gong.

Mongolia is “a renewable energy paradise,” according to asia.nikkei.com.

KEPCO, Korea's biggest power supplier, won the exclusive right to build and operate a fossil fuel power plant in Ulaanbaatar, Mongolia, the company said Friday.

Aspire Mining ( ASX:AKM ) has demonstrated the quality of its Ovoot Coking Coal Project in Mongolia, reaching a non-binding Memorandum of Understanding to sell up to 250,000 tonnes of oxidised coal per annum to Zavkhan Power Station.

Following the signing of the PPA and financial close, the consortium will build and operate a coal-fired CHP plant with electricity capacity of 415MW and steam capacity of 587MW.

SEOUL, KOREA - POSCO Energy has won the license to build and run a coal-fired combined cycle thermal power plant, or CHP-5, in Mongolia.

SEOUL, June 23 (Yonhap) -- POSCO Energy Co., a unit of South Korea's top steelmaker POSCO, said Monday a consortium it belongs to has signed a 1.5 trillion won (US$1.34 billion) contract to build and operate a combined heat and power plant in the suburbs of Ulaanbaatar, the capital of Mongolia.

Following the signing of the PPA and financial close, the consortium will build and operate a coal-fired CHP plant with electricity capacity of 415MW and steam capacity of 587MW.

A GDF Suez SA-led group signed a concession agreement today with the Mongolian government to build a $1.2 billion power plant in Ulaanbaatar.

French power and energy services firm GDF Suez is to build a 415 MW combined heat and power plant in Mongolia , according to the terms of a memorandum of understanding signed this week.

Mongolia, which is located in a watershed of Asia, is losing its rivers due to global warming and mineral deposit mining.

BY JACK DINI - Friends of the Earth oppose the Arctic being ruined by oil extraction, but when it comes to damaging Scotland’s wilderness with concrete and hundreds of miles of roads, they say wind energy is worth it as the impact of climate change has to be faced.

SEOUL, Korea, May 13, 2014 /PRNewswire-iReach/ -- The Clean Energy Solutions Center, an initiative of the Clean Energy Ministerial, and the International Renewable Energy Agency (IRENA) have formalized a collaboration that will help accelerate the global deployment of renewable energy.

With their sights on stores of low-grade coal beneath the coasts of England, the ranches of Wyoming, and the fields of Inner Mongolia, entrepreneurs around the world are touting the promise of yet another "unconventional" approach to energy extraction.

HOUSTON, Apr 09, 2014 (GLOBE NEWSWIRE via COMTEX) --

By Paul Sullivan, Georgetown University

With demand for electricity on the rise, and a national drive to boost renewable power production gathering strength, investor interest in Mongolia’s fledgling wind energy industry looks set to grow.