Energy development company KM Infrastructure Corporation, invested by South Korea and Mongolia, signed an agreement to build a waste recycling plant in Ulaanbaatar, South Korean media reported.
KM Infrastructure Corporation signed an official agreement on selling electric energy with State National Center for Energy Management under the Ministry of Energy of Mongolia on August 31.
The current government is the first government of Mongolia, which allowed to construct a private combined heat and power plant in the center of Ulaanbaatar and direct purchase of produced energy.
The capacity of the prospective plant will make 15.4 MW. It will provide energy for 390,000 houses in Ulaanbaatar.