CABINET PERMITS SIGNING CONCESSION AGREEMENT ON TSAGAANSUVARGA POWER SUPPLY

The cabinet gave permission to the National Development Agency to sign the concession agreement with the Mongolyn Alt Corporation (MAK) on a project on overhead power lines and substation connecting Oyu Tolgoi and Tsagaansuvarga (White Stupa), on Wednesday’s regular meeting.

The Minister of Finance was assigned to reflect the repayment of the concession cost, USD 32.231 million, partially in the respective year’s government budget.

With the implementation of this project, the issue of power supply of Tsagaansuvarga project will be settled, and Mandakh and Khatanbulag soums of Dornogovi (East Gobi) province will be connected to the central power grid system.

Source:http://en.montsame.mn/politics/cabinet-permits-signing-concession-agreement-tsagaansuvarga-power-supply