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TRQ - Turquoise Hill Resources: Finally The Power Plant Saga Comes To An End
Turquoise Hill Resources Ltd.
In my previous article on Turquoise Hill Resources (TRQ), I noted that Mongolia had suddenly decided that it wanted to build a power plant for Oyu Tolgoi and that the investment agreement had to be amended to allow this option.
Finally, Oyu Tolgoi has entered into an agreement with the Mongolian government and the state-owned power plant was chosen as the solution for the mine’s power supply. The key terms are the following:
The power purchase agreement should be signed by March 31, 2021. This deadline provides plenty of time to negotiate an