Prophecy Resource submits PPA to government. - 282569 - 2012-0: "Prophecy Coal Corp announced that Prophecy Power Generation LLC a wholly owned subsidiary of Prophecy, has formally submitted its Power Purchase Agreement proposal to the Mongolian government.
The proposed Power Purchase Agreement details the terms under which Prophecy Power would be prepared to supply power to Mongolia's National Transmission Grid Co. Highlights of the PPA include:
1. Designated concrete-pour date of April 2013 and 1st phase operational date of Q1 2016*;
2. A long term power off take contract to ensure 24/7, uninterrupted dispatch power supply to the Mongolian grid;
3. A competitive tariff that is lower than Mongolia's wind farm tariff;"
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