ENGAGED
Project Elevator Pitch
Confidential · For registered investors
Issued
2026-06-04
PGP
Mongolia · Energy
Energy Generation | Mongolia
Energy
Power Distribution
Utility (gas, water, sewage etc)
Capital Sought
USD 500,000,000
Spent to date
USD 35,000,000
Country
Mongolia
Repayment
Other Off-Take Agreement · Power Purchase Agreement
Submission Ready Indicators
LTV Expectation
80%
Land / Site
Owned
EPC Contracts
Signed
Off-take Agreements
Signed
Projections
Completed and available
This opportunity qualifies for Internationally A+-rated Insurance Wrap — elevating the debt element of project financing through the Lloyds-of-London insurance market.
About this opportunity
This Coal-Fired Power Plant is a landmark project designed to meet Mongolia’s growing energy needs while addressing critical infrastructure gaps. The project is vital to Mongolia’s energy independence, supporting domestic growth, minimising power imports, and addressing frequent power outages due to ageing infrastructure. By leveraging Mongolia’s abundant coal reserves, the project will reduce reliance on foreign energy imports, ensure a stable electricity supply, and bolster the nation’s industrial capacity.
The project requires a total investment of USD 500 million.
The plant will be located in the Baganuur District, approximately 130 km east of Ulaanbaatar. It is slated to have a total capacity of 400 MW, powered by two 200 MW units, and using Circulating Fluidized Bed (CFB) technology to optimise fuel efficiency and minimise environmental impact. After a 24-month construction period, the power plant is scheduled for completion in April 2027, with an expected operating lifespan of over 40 years.
The operators of this plant have secured off-take agreements with the Mongolian government that guarantee consumption of at least 60% of the power generated with up to 100% expected.
Five-year projections
All figures in USD| USD | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
|---|---|---|---|---|---|
| Turnover | 203,529,000 | 203,529,000 | 203,529,000 | 203,529,000 | 203,529,000 |
| EBITDA | 135,320,000 | 135,320,000 | 135,320,000 | 135,320,000 | 135,320,000 |
| Margin % | 66 | 66 | 66 | 66 | 66 |
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Confidential — PFX Registered Investors Only · Not for redistribution
PFX / PGP / 2026-06-04