Skip to main content

Oyu Tolgoi power plant one step closer to operation with signing of Power Source Framework Agreement

Published by
World Coal,


On 31 December, Rio Tinto announced the signing of the Power Source Framework Agreement (PSFA) between Oyu Tolgoi and the Government of Mongolia. 

Rio Tinto Copper & Diamonds chief executive Arnaud Soirat said: “The power agreement is a positive step forward for Oyu Tolgoi and outlines a path to secure reliable, long-term power for the operation.”

“We will now work together with all of Oyu Tolgoi’s partners to finalise the details and develop the power project which will help ensure the operation reaches its full potential to the benefit of all shareholders.”

The agreement sets out an amended timetable for Oyu Tolgoi to meet its obligation to source power domestically. The 300 MW plant will be majority owned by Oyu Tolgoi LLC and will be situated close to the Tavan Tolgoi coalfields. Construction is scheduled to start in 2020 following extensive studies, with the commissioning of the plant by mid-2023.  

All Oyu Tolgoi shareholders will now work on the further technical specifications and commercial arrangements underpinning the framework agreement.

Read the article online at: https://www.worldcoal.com/power/02012019/oyu-tolgoi-power-plant-one-step-closer-to-operation-with-signing-of-power-source-framework-agreement/

You might also like

Dyno Nobel

[Webinar] Breaking new ground in mine blasting

Dyno Nobel will be discussing the latest innovations for making mine blasting more productive and less costly. Register for free today »

 

New Chair appointed for MCA

The Minerals Council of Australia (MCA) has today appointed a new Chair to lead the organisation.

 
 

Embed article link: (copy the HTML code below):