KEPCO, South Korea’s gest power supplier, has won the exclusive right to build and operate a fossil fuel power plant in Ulaanbaatar. Its representatives and the Mongolian Energy Ministry recently signed a memorandum of understanding, three months after the two sides had agreed to work together to improve the power supply infrastructure in Mongolia. It is uncertain when the two sides will sign an official contract and when construction will begin.
“We will start a feasibility study soon,” said a KEPCO official familiar with the case. “So it’s hard to predict when we will sign an official contract.” KEPCO is the world’s sixth-largest power plant builder, having built nearly 40 nuclear and fossil fuel power plants in 20 countries.