LAND CLEARANCE FOR CHP-5 PROJECT REACHES 96% COMPLETION

 

Land clearance for the strategically important Combined Heat and Power Plant No. 5 (CHP-5) project, which aims to expand Ulaanbaatar’s electricity and heat supply capacity, has reached 96% completion.

Of the total 26 land parcels affected along the project route, 25 parcels have been cleared to date.

CHP-5 is planned to be built on a 15.3-hectare site designated as the ash pond area of CHP-2, located in the 20th khoroo of Bayangol District. The plant will have the capacity to generate 300 MW of electricity and 340 Gcal/h of heat.

Once commissioned, the project will provide a reliable energy source for around 100,000 households in areas including Tavanshar, the 21st microdistrict, Khilchin complex, Bayankhoshuu, the 3rd and 4th microdistricts, and the 1st microdistrict. It will also create a new heat supply source for approximately 40,000–50,000 households in the northwestern part of Ulaanbaatar.

The project is being implemented under a public private partnership structure, with the financing composed of 20% public funding from the city budget and 80% private sector investment. Miteim International LLC is serving as the private sector partner, and the project is scheduled for completion by Q3 2028.

UBIM is organizing the project’s investment structure, financing solution, and implementation preparations. Through NCD Fund SPC LLC, UBIM is participating in the financing by subscribing to shares in the project company.