Prophecy Resource Co : Prophecy Power Conducting Final Review of EPC Tenders, Discussing Project Financing | 4-Traders: "Vancouver, British Columbia, October 15, 2012: Prophecy Coal Corp. ("Prophecy" or the "Company") (TSX: PCY, OTCQX: PRPCF, Frankfurt: 1P2) is pleased to announce that its wholly-owned subsidiary, Prophecy Power Generation LLC ("Prophecy Power"), is conducting final evaluation of three tenders from Engineering, Procurement and Construction (EPC) firms to build its proposed 600 MW (150 MW x 4) Chandgana power plant project in Mongolia.
Prophecy Power's Chandgana project is one of Mongolia's leading 600MW mine-mouth, thermal power plant projects. The project is a first-mover for its size in that the construction license was awarded by the Mongolian government in late 2011. In December 2011, Prophecy Power prepared and issued a comprehensive Request For Proposal (RFP) with respect to Engineering, Procurement, and Construction of the Chandgana facility."
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