Mongolia gives Prophecy green light to build new coal power station: "TORONTO (miningweekly.com) – Prophecy Coal, the junior that graduated to the TSX main board last month, received the green light from the Mongolian government to build its 600 MW Chandgana coal-fired power plant in the east of the country, the company said on Monday.
The licence was the first the government had issued for that size power plant, and sets the project up to become the first new privately owned coal-fired plant in the country when it starts sending out electricity in early 2016.
Mongolia is seen as vulnerable when it comes to fuel and power, as it is heavily reliant on neighbours China and Russia."
'via Blog this'
