The V Power Plant is expected to be built in the valley of the Khulyn gol river near Urgakh Naran town in 11th khoroo, Bayanzurkh district, according to a decree made by Ulaanbaatar City Mayor in April and the Government`s order in December in 2012.

The Ministry of Energy was granted the right of possession of 43 hectares of land for 15 years to build Ulaanbaatar Power Plant V.

The tender bid for the concession right with terms of developing blueprints, raising finances, construction, maintenance of day-to-day activities and delivering the project of Power Plant V was announced in 2012.

Ulaanbaatar is considered the coldest capital city in the world and its electricity usage increases by 5-6% annually due to the migration from the countryside to the city. Therefore, Power Plant V with a capacity of 450 megawatt production is required to be built through a private and public partnership.

Out of 34 international bidders for the tender the “Samsung С&Т Corp, Korea Southern Power Co.,Ltd, Ochir tuv Co.,Ltd”  consortium and the Great Britain-Japan-Korea- Mongolia joint “International Power Pic, Sojitz Corporation, Posco Energy, Newcom LLC” consortium were finally selected.