The Southern Region Electricity Distribution Network (SREDN) and Oyu
Tolgoi LLC signed a Power Purchase Agreement (PPA) today, 3 September
2020. Minister for Energy Tavinbekh and Oyu Tolgoi LLC chief executive
officer Armando Torres and other officials took part in the signing
ceremony.
The Minister remarked, “The Government of Mongolia has completed the construction of three 220kV substations and 670-km-long power transmission lines to supply power to the Southern Region and other mineral deposits located in the Gobi. The Government has started to supply power to four 35kV substations with installed capacity of 13 megavolt ampere. This PPA with Oyu Tolgoi LLC will make a positive impact on the national economy.”
Armando Torres, chief executive officer of Oyu Tolgoi LLC said, “This is
a very important milestone for Oyu Tolgoi LLC, and it demonstrates our
commitment to increasing local content. We will continue to collaborate
with the Ministry of Energy to identify opportunities as per the terms
of the Power Source Framework Agreement and the subsequent amendment
agreement.”