Investor Presentaiton
MON: Sermsang Khushig Khundii Solar Power
Borrower/Guarantor
Country
Sector
Sub-sector
Commitment
Date
ADB
LEAP
Tenuun Gerel Construction LLC (TGC) as
Borrower and Sermsang Power
Corporation Public Company Limited
(SSP) as Guarantor
Mongolia
Energy
Renewable energy generation - solar
20 March 2019
$9.6 million
$9.1 million
Key Features:
⚫ The
.
project involves the construction, operation and
maintenance of a 15 MW solar power plant in the Khushig valley
in Tuv aimag.
The project will generate 22.3 GWH of clean energy annually and
reduce Mongolia's carbon dioxide emissions by 26,400 tons per
year.
• The project benefits from the transfer of technical and operational
expertise from Japan and Thailand. SSP, which owns 75% of TGC, is
a renewable energy developer listed on the Stock Exchange of
Thailand with operations across Asia. Sharp Corporation from
Japan, which owns 10% of TGC, is the lead EPC contractor. SSP is a
guarantor of the loan.
•
The project is ADB's first private sector infrastructure investment
in Mongolia and first PSOD-EARD joint project.
Sponsor and Panel Supplier: SHARP
Cofinancier:
JICA
Japan International
Cooperation Agency
7 October 2019
33
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