August 3, 2012

Mott MacDonald supports financing of US$100 million Mongolian wind farm | Mongolia Web News

Mott MacDonald supports financing of US$100 million Mongolian wind farm | Mongolia Web News: "Construction is underway on Mongolia’s first wind power scheme which is being developed at Salkhit Uul, 75km from Ulaanbaatar in Mongolia. Mott MacDonald supported the European Bank for Reconstruction and Development and FMO as lender’s technical advisor on the scheme which is being developed by Newcom LLC, a Mongolian investment company.

The US$100 million onshore wind farm is the country’s first independently developed power project and is the first project of any type within Mongolia to be financed by international project finance. It will comprise of 31 General Electric 1.6 XLE wind turbine generators giving a total capacity of 49.6MW. The clean power generated by this wind farm will service customers connected to the Mongolian central grid.

It is hoped that the wind farm will promote private sector involvement in the country’s energy sector through the development of a green energy power source. The project will also help reduce the impact of power generation in Ulaanbaatar, which is one of the world’s most polluted cities."

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