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TRQ - Turquoise Hill: Power Plant Is Expected One Year Later Than Originally Planned
Turquoise Hill Resources Ltd.
Turquoise Hill (TRQ) has just announced the submission of a feasibility study for the Tavan Tolgoi power plant in Mongolia. As a reminder, the company has to find a domestic power solution for the Oyu Tolgoi mine by June 30, 2023. Mongolia wants to find use for the coal from the big Tavan Tolgoi deposit. Putting this coal at work as a source of power for Oyu Tolgoi mine is an obvious solution.
Here’s what Turquoise Hill proposes. The company plans to build a 300MW coal fired power plant with a total project