Companies have been short listed for the new Tavan Tolgoi Power Plant
The final bidders for the USD1 billion power plant to be constructed in the Gobi Desert have been shortlisted. These companies include Marubeni Corp and Daewoo Engineering & Construction Co.
Also included in the short list is Kansai Electric Power Co and the joint bid of GDF Suez and Posco Energy Corp. The companies were listed in the website of Tavan Tolgoi Power Plant. There was no indication as to the winning bid that was chosen.
Coal miners who operate in the Tavan Tolgoi Coal Basin contains 6.4 billion tons of reserves. These miners incluide state owned Erdenes Tavan Tolgoi LLC and Mongolian Mining Corp, which is traded on the HKSE. The power plant to be built would be able to generate 450 megawatts of power, according to the company's website.
Mongolia is now riding the crest of a resource boom, as billions of dollars pour into the country to help in the development of natural resource markets in gold, coal, copper and other minerals. Other infrastructure projects are under way, such as road and railway projects, to provide minerals to neighboring China. A coal fired power plant would help to energize the mines as well as other processing factories with coal washing plants.
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