Prophecy Resource to increase Mongolia’s power capacity

Nov 19 • Business • 836 Views • No Comments on Prophecy Resource to increase Mongolia’s power capacity

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Mongolia is about to become home to a new coalmine and power plant, thanks to a Vancouver company. Although the mine will enjoy an official opening ceremony November 20, the power plant won’t be finished for another 20 months.

“Prophecy is committed to investing heavily in Mongolia and looks forward to working with all major Mongolian stakeholders,” said John Lee, Prophecy’s CEO.

The coal-fired power plant will add 600-megawatts of power to a country that has an installed base capacity of 650-megawatts. The company said the plant would be fueled by coal from its Chandgana coal project.

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