Sermsang Khushig Khundii Solar PV Power Plant

Active

Prospective

The project involves the construction, operation and maintenance of a 15 MW solar power plant in Khushig valley, Tuv aimag in Mongolia. In addition, it will also include the construction of a 110/10kV substation, a 14-km long 110kV double circuit overhead electricity transmission line, and extension of the 110/10kV Khushig substation owned by the National Power Transmission Grid SOJSC. The SPV Tenuun Gerel Construction LLC is owned by the sponsors - Sermsang Power Corporation Public Company Ltd (Thailand) with 75%, Sharp Energy Solutions Corporation (Japan) with 10%, and AMOE Solar LLC (Mongolia) with 10 % and SH Energy Solution LLC (Mongolia) with 5%. The SPV has entered into a power purchase agreement (PPA) with the National Dispatching Center LLC (NDC), a government-owned utility and single purchaser of electricity generated by power producers in Mongolia. Asian Development Bank (ADB) is providing $ 9.6 million from own resources and 9.1 million from Leading Asia's Private Infrastructure Fund (LEAP). Financial close was announced on 20 March 2019. The project is expected to generate22.3 GWh of electricity annually and reduce CO2 emissions by 26,400 tons per year. https://www.adb.org/news/adb-supports-private-sector-solar-power-development-mongolia https://www.adb.org/projects/52127-001/main#project-pds https://www.adb.org/sites/default/files/project-documents/52127/52127-001-rrp-en.pdf https://ijglobal.com/articles/138823/mongolian-wind-pulls-in-support https://ijglobal.com/data/transaction/45857/sermsang-khushig-khundii-skk-solar-pv-plant-15mw

Energy

World Bank Group

Project

Solar, Wind, Power Generation (CCGT), Government, Manufacturing (Industrial), Power Transmission, Commercial