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Overview

CDB provides loan for Ulaanbaatar No. 3 Power Plant Expansion and Reconstruction Project

Commitment Year•2013Country of Activity•MongoliaDirect Recipient Country of Incorporation•MongoliaSector•EnergyFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2013
Start (actual)
Jul 1, 2013
End (actual)
Jun 16, 2014

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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The purpose of this project was to support a 50MW expansion of Thermal Power Plant No. 3 (TPP-3) in the city of Ulaanbaatar (exact locational coordinates: 47.895556, 106.865055). More detailed locational information can be found at https://www.openstreetmap.org/way/108195352

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

  • China Development Bank (CDB)

Receiving agencies

Government Agencies

  • Government of Mongolia

Implementing agencies

State-owned companies

  • Hunan Industrial Equipment Installation Company

Loan description

CDB provides loan for Ulaanbaatar No. 3 Power Plant Expansion and Reconstruction Project

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2013, China Development Bank provided a loan for the Ulaanbaatar No. 3 Power Plant Expansion and Reconstruction Project. The face value and borrowing terms of the loan are unknown. The purpose of this project was to support a 50MW expansion of the coal-fired Thermal Power Plant No. 3 (TPP-3) in the city of Ulaanbaatar (exact locational coordinates: 47.895556, 106.865055). Hunan Industrial Equipment Installation Company (湖南省工业设备安装公司) was the contractor responsible for implementation. The project commenced in July 2013 and it was officially completed at a June 16, 2014 completion ceremony.

Staff comments

1. This project is also known as the 50MW TPP-3 Expansion Project and the Ulaanbaatar Thermal Power Plant No. 3 Expansion Project. Chinese project title is 乌兰巴托第三电厂改扩建 or 乌兰巴托市第三电厂扩容改造项目. The Mongolian project title is ТЗЦ III - III-р дулааны цахилгаан станц. 2. There are some indications that the CDB loan may have first been issued to the state-owned Development Bank of Mongolia and then on-lent to another borrower for the Ulaanbaatar No. 3 Power Plant Expansion and Reconstruction Project. However, this issue requires further investigation.