YEONGWOL, South Korea, July 22 (Korea Bizwire) – Mongolian solar energy company Moshea Eco Energy and Idea Bridge, a Korean asset management firm, finalized a contract earlier this week to build a 50MW solar power plant on 100ha of land near a new airport, some 31km away from the capital Ulaanbaatar.
The new plant will generate approximately 5 percent of Mongolia’s total electricity production, and will be providing power for the new airport.
The first phase (15MW) of the construction is expected to begin in September and finish by May 2017, whereas the second (15MW) and third (20MW) phases will be completed by the end of 2018 and early 2021, respectively.
The $100 million cost of the endeavor will be funded by Idea Bridge, while Han Jae-won, chief manager at Yeongwol Energy Station, will serve as the overall project manager (PM) of the entire construction process.
Han Jae-won is among the leading pioneers in the solar power plant industry in Korea, who also played an important role in establishing the 40MW Yeongwol Solar Power Plant, the largest of its kind in Asia. The power plant, completed in 2014, was praised for its high efficiency, thanks to its unique construction method in which the plant’s solar panels move according to the moving sun.
In fact, after visiting the Yeongwol plant in 2015, the CEO of Moshea Eco Energy requested that the new plant in Mongolia be built in “exactly the same manner as the one in Yeongwol.”
Han was also appointed as a technology consultant for Moshea Eco Energy, and will help in exporting Korea’s solar power-related technologies to Mongolian counterparts. He was also presented with an achievement award from Mongolia’s energy department for his contributions to Mongolia’s new and renewable energy development.
“The establishment of the Yeongwol Solar Power Plant played a big role in providing this opportunity to export Korean technology to help build the solar power plant in Mongolia,” said Han.
By Joseph Shin (email@example.com)