Rio Tinto Limited (ASX:RIO) inks a long-term energy agreement for its Oyu Tolgoi project with Turquoise Hill and the Government of Mongolia.
- The Government of Mongolia would fund and construct a state-owned Power plant at Tavan Tolgoi for Oyu Tolgoi, which currently uses imported power.
- The agreement inked by the Company is a revision of the Power Source Framework Agreement (PSFA) signed in 2018 and proposes a timetable for development, according to which, the construction of the coal-fired power plant would begin no later than 1 July 2021.
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