ProactiveInvestors: Prophecy Coal drives Chandgana process forward, 600 MW plant to go a long way in addressing Mongolian power deficit

Prophecy Coal Corp. forecasts aggressive growth ahead as the company plans to bring its 600 megawatt (MW) Chandgana power project in central Mongolia online by the first quarter of 2016, helping to relieve a major ongoing and growing power deficit in the country. The project, for which the company has already officially submitted the power purchase agreement (PPA) to the federal government, would be the first thermal coal power plant in the country in over 20 years. According to a company statement, the official submission followed “many months of work” with a designated working group of more than 20 government members. To read the full article, click hereProphecy Coal drives Chandgana process forward, 600 MW plant to go a long way in addressing Mongolian power deficit

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