$811.7B+
Total Investible Capital for all PFX registered investors
Alternative Investment Manager/Fund | UK

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Search Pipeline TNG Elevator Pitch
Project Elevator Pitch
Confidential · For registered investors
Issued
2026-06-04
TNG Mongolia · Energy

600 MW Power Plant & Coal Mine | Mongolia

Energy
600 MW Power Plant & Coal Mine | Mongolia
Capital Sought
USD 860,000,000
Spent to date
USD 55,000,000
Country
Mongolia
Repayment
Power Purchase Agreement

Submission Ready Indicators

LTV Expectation
95%
Land / Site
Owned
EPC Contracts
Signed
Off-take Agreements
Completed awaiting signature
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

TNG is both a mining operation to supply coal for the electrical power plant. The Tengri Coal & Energy (TCE) 600 MW Mine-Mouth Power Project in Mongolia represents one of the country’s most strategically important and financially attractive infrastructure investments. With a total CAPEX of USD 860 million, the project is fully permitted and shovel-ready, anchored by a 25-year sovereign Power Purchase Agreement (PPA) at USD 0.07/kWh for 300 MW, with the remaining output secured through captive consumption. A KPMG-validated financial model confirms a 16% IRR and a 6-8 year payback period. The project delivers essential baseload power to a market that currently imports over 20% of its electricity, directly supporting Mongolia’s energy security and reform agenda. Its chimney-less supercritical design achieves emissions far cleaner than EU standards, while the parallel rollout of 200 MW of wind and solar positions TCE as a transitional platform toward Net Zero. The project also includes a 200 km transmission line into the Central Energy System, reinforcing Mongolia’s grid and enabling future regional power trade.

Five-year projections

All figures in USD
USD Year 1Year 2Year 3Year 4Year 5
Turnover 168,568,833 171,939,210 175,379,014 178,542,659 182,464,326
EBITDA 152,039,017 155,080,612 158,182,224 161,345,869 164,572,786
Margin % 90 90 90 90 90
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Confidential — PFX Registered Investors Only · Not for redistribution PFX / TNG / 2026-06-04
Internationally A+-rated insurance Wraps Green Light Securitisation
Human-validated every step Senior Investor Liaison team
One investor per opportunity No auctions, no conflicts
30+ risk elements covered Construction to off-take