Project Elevator Pitch
Confidential · For registered investors
Issued
2026-06-04
TNG
Mongolia · Energy
600 MW Power Plant & Coal Mine | Mongolia
Energy
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 1 | Year 2 | Year 3 | Year 4 | Year 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 |
Ready to learn more?
The full executive summary and data room are available to PFX registered investors.
Register as Investor
Executive summaries can be viewed by registered PFX Investors. Already registered? Sign in.
Confidential — PFX Registered Investors Only · Not for redistribution
PFX / TNG / 2026-06-04