Oyu Tolgoi Power Station Progress

I thought this one was important enough to start a new thread.

The following link does a pretty good job of summing things up as they now stand:

https://www.gem.wiki/Tavan_Tolgoi_power_station_(Rio_Tinto)

This extract seems to sum up the latest development/s.

"In February 2020, Oyu Tolgoi submitted a feasibility study for a Tavan Tolgoi Power Plant, with an estimated cost of US$924 million.[15]

On April 14, 2020, the Mongolian Minister of Energy notified Oyu Tolgoi of the government's decision to develop and fund a state-owned power plant.[15]

On April 16, 2020, Turquoise Hill Resources said it had been unable to reach an agreement with the Mongolian Government over the proposed 300 MW coal plant. In late 2019 the company said it had agreed on a power source framework agreement with the government to mutually agree on the project details with the aim to begin construction in 2020.

The agreement set April 14, 2020 as the deadline to agree on the project.

Having failed to meet the deadline, both parties are now assessing whether to continue with the current grid supply from China, or alternatively, a renewables option or a power plant at the site of the Oyu Tolgoi copper and gold mine.

If they fail to reach agreement by June 14, 2020, the decision on power supply is up to the company.[16]"

On June 28, 2020, the Government of Mongolia and Oyu Tolgoi LLC signed an MoA for the plant, which included signing a Power Purchase Agreement by 31 March, 2021. Construction is planned for July 2021 and commissioning by 2025.[17]"So...

The (300MW) power station looks like it will be located at the Oyu Tolgi Mine.

Funding could be a real issue.

In Elixir's favour, longer term gas supply options appear to be wide open (Probably 50 TJ/day)

Regards

OGP