Baganuur Power Plant, the first mine-mouth plant in Mongolia, officially started construction on December 23, with construction commencement ceremony held in the presence of Mongolian Prime Minister Chimediin Saikhanbileg and Chinese government officials, media reported.
The project includes two supercritical coal-fired power generating units with capacity of 350 MW each. Total investment is estimated at $1 billion.
Upon completion, the project will help meet local power demand and boost the economy and employment, report said.
It is part of the plans under the Mongolian government's administration framework over 2012-2016.
The project is undertaken by China National Nuclear Corporation. This marks successful energy cooperation between China and Mongolia, said Chimediin Saikhanbileg at the construction commencement ceremony.
Mongolia successfully implemented the Amgalan Thermal Power Plant project in cooperation with China and commissioned the plant last month.
The prime minister also mentioned other mega projects in the energy sector, including the Buuruljuut power station to be built based on the Buuruljuut coal deposit, the Egiin Gol hydropower station that will be built on the Egiin River, and the Tavan Tolgoi power station.
The cooperation between China and Mongolia is in compliance with China's "One Belt and One Road" initiative.
China and Mongolia will work to strengthen cooperation in power and renewable energy sectors, including jointly building mine-mouth power plants in Mongolia and increasing Mongolia's power export to China, etc., according to a joint declaration of comprehensive strategic partnership signed by the two parties in August 2014.
(Writing by Jessie Jia Editing by Harry Huo)
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