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China Development Bank provides $75.9 million loan for 348MW Amgalan Thermal Power Plant Construction Project
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Amgalan Thermal Power Plant LLC |
| Country | Mongolia |
| Start Date | Apr 12, 2013 |
| End Date | Mar 15, 2031 |
| Duration | 6,546 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 68650 |
Grant Description
China Development Bank provides $75.9 million loan for 348MW Amgalan Thermal Power Plant Construction Project On April 12, 2013, the Government of Mongolia’s Ministry of Energy and the Ministry of Economic Development signed a concession agreement with China Machinery Engineering Corporation (CMEC) for the 348MW Amgalan Thermal Power Plant Construction Project.
China Development Bank subsequently issued a $75.9 million loan to a special purpose vehicle — called Amgalan Thermal Power Plant LLC (also known as “Амгалан дулааны станц” or “Дулааны IV цахилгаан станц”) — responsible for designing, financing, constructing and maintain the power plant.
The purpose of the project was to construct a 348MW coal-firec thermal power plant with heating capacity of 300Gcal/h — in the 8th khoroo of Bayanzurkh district. CMEC was the contractor responsible for implementation. Construction began on August 21, 2013. The project had achieved an 88% completion rate as of December 2014.
The power plant was ultimately put into operation on November 27, 2015.
As early as September 2015, the power plant was reportedly helping to solve a heating problem for residents of eastern Ulaanbaatar and reduce air pollution in Ulaanbaatar during the winter.
On November 19, 2015, the Government of Mongolia structured Amgalan Thermal Power Plant LLC as a subsidiary of Thermal Power Plant 4 JSC, which was also 100% owned by the Mongolian Ministry of Energy.
Then, on February 19, 2020, via Resolution No. 71 of the Government of Mongolia, Amgalan Thermal Power Plant LLC was restructured to be its own 100% state-owned independent joint-stock company.
Staff Comments
- This project is also known as the 3x116MW Amgalan Thermal Power Plant Construction Project. The Chinese project title is 阿木古郎供热站 or 阿木古郎供热站项目 or 司蒙古阿木古郎项目. The Mongolian project title is Амгалан дулааны станцын төсөлд or Амгалан дулааны станц.
- The CDB loan that supported this project is not included in the Overseas Development Finance Dataset that Boston University’s Global Development Policy Center published in December 2020. 3. There are some indications that the CDB loan may have first been issued to the state-owned Development Bank of Mongolia and then on-lent to Amgalan Thermal Power Plant LLC. This issue requires further investigation.
Sources & References
- 中国公司承建蒙古国供热站项目投入运行
- 邢海明大使赴蒙欣巴音嘎拉水泥厂和阿木古郎供热站调研考察
- China and Mongolia successfully held the completion ceremony of the Ulaanbaatar Amagurang heating project
- Mongolian Amgalan Heating Station Project Wins Best Energy Infrastructure Award
- A Groundbreaking Ceremony Held for Amgalan Heating Station in Ulaanbaatar
- Mongolia, Амгалан дулааны станцыг барих үндэслэл:
- Development Bank of Mongolia 2018 Bond Prospectus.pdf, АМГАЛАН ДУЛААНЫ СТАНЦ БАРИХ ТӨСӨЛД 25.0 САЯ АМ.ДОЛЛАРЫН ЗЭЭЛ ОЛГОЖЭЭ, Амгалан дулааны станцын барилгын ажлын нээлт боллоо, “Амгалан” дулааны станцын үйл ажиллагаатай танилцлаа, “АМГАЛАН” ДУЛААНЫ СТАНЦЫГ АШИГЛАЛТАД ХҮЛЭЭН АВЛАА, Хатагтай Янь Зюньчи тэргүүтэй төлөөлөгчид “Амгалан” дулааны станцын үйл ажиллагаатай танилцлаа
- 国家开发银行
- 蒙古国总理出席阿木古郎供热站项目首台锅炉点火仪式
- 蒙古阿木古郎供热站项目荣获蒙古国最优能源基础设施项目奖
- CMEC承建的蒙古阿木古朗供暖站正式投运
- 乌兰巴托市阿木古朗供热站项目投运仪式举行
- 中国公司承建蒙古国供热站项目投入运行
- 一公司蒙古阿木古郎项目获蒙古国表彰
- 中蒙双方成功举办乌兰巴托阿木古朗供暖项目竣工仪式
- 钢结构及网架
- China Overseas Development Finance
- Ulaanbaatar-4 power station Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
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Amgalan Thermal Power Plant LLC
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