China will build hydroelectric power plants in Mongolia worth $827 million
Date: 11:48, 07-10-2015.
Almaty. October 7. silkroadnews - China will build hydroelectric power plants in Mongolia, reported the Chinese media.
"Given the resolution on the conclusion with Chinese corporation China Gejuba Group Limited concession agreement on the construction of HPP with initial capacity of 315 MW on the river Egin-Gol", - said in a statement.
This state order will be executed on the condition of "build-transfer" within 13 months.
The total cost of this energy project exceeds $827 million, funds will be allocated in the form of a soft loan by the government of the PRC.
