Guildford Coal Limited has signed a Memorandum of Understanding to purchase an 80% stake in a large thermal coal project and associated power station project in Mongolia.
Tsaidam Energy LLC holds the Tsaidamnuur 600MW mine mouth coal fired power plant project which is located 132 km south east of Mongolia’s capital Ulaanbaatar and 15 km from the Trans Mongolian Railway line, which traverses Mongolia, connecting Russia and China.
The Tsaidamnuur Project consists of 3 mining licences which contain a large thermal coal deposit with Tsaidam Energy LLC estimating, based on exploration conducted to date, that there is in excess of 630 million t of thermal coal contained in the mining licences, which are located less than 1km from the designed and approved Tsaidam 600MW Coal Fired Power Station Project.
The Power Station Project is a circulating fluidised bed combustion boiler design with a double circuit twin conductor 220kV overhead power transmission line for connection to the nearby grid of the Central Energy System of Mongolia. A belt conveyer system would transport coal over the 1km from the mine to the power plant.