PROJECT STAKEHOLDERS

PROJECT INTERNATIONAL CONSULTANTS

SHORT-LISTED FOREIGN & DOMESTIC INVESTORS

SELECTED INVESTORS

Project implementation module

“Tavan Tolgoi Power Plant Project Unit” established by the Ministry of Energy will organize development and implementation of the project. Other government organizations such as the Ministry of Economic Development, the Energy Regulatory Commission, the Ministry of Environment and Tourism and the Development Bank will play partial roles in the handling of the project and adhere to the following principles:

1.     Promptness
2.     Transparency
3.     Productivity
4.     Honesty
5.     Fair Competition Support
6.     Prevention of Conflict of Interest

Both participating parties will share similar understandings in terms of the project importance, risks and cooperation principles and support each other on the basis of the cooperation agreement.

Project stakeholder:


Ministry of Energy:     Appoint representative to the Project Unit Steering Committee, monitor project implementation, provide professional and policy assistance Ministry of Economic Development - Appoint representative to the Project Unit Steering Committee, monitor project implementation, solve financial and funding issues Energy Regulatory Commission- Grant necessary permissions, provide professional assistance ;

Development Bank:    Transfer the scheduled funding on the basis of the agreement, monitor project implementation;

Project Unit Steering Committee:    Monitor the project unit operation, make relevant decisions;

Project Unit:    Supervise the project operation, negotiate with the investors, organize consulting service, establish special-purpose entities and report to the above mentioned organizations;

Investors:  omestic and Foreign investors;

Banks:  Foreign and domestic commercial banks ;

SPV:  Project execution team established with joint investment, special-purpose company in charge of the operation and maintenance;

Consultants:  Legal, Technical and Financial consulting companies with international recognition and experience in the similar projects;

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