The government of Mongolia and copper miner Turquoise Hill have reached an agreement on the preferred domestic power solution for the Oyu Tolgoi copper project, paving the way for the government to fund and construct a state owned power plant at Tavan Tolgoi.
The agreement, which is a revision of the power source framework agreement (PSFA) signed in 2018, states that the parties would work towards finalising a power purchase agreement by the end of March 2021, major Rio Tinto said over the weekend.