Thermal Power Plant №4

Name

Thermal Power Plant №4

Legal name

"ДУЛААНЫ IV ЦАХИЛГААН СТАНЦ" ТӨРИЙН ӨМЧИТ ХУВЬЦААТ КОМПАНИ

Website

https://tpp4.mn

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Combined Heat and Power (Electricity and District Heating)

NAICS

Fossil Fuel Electric Power Generation (221112), Electric Power Generation (22111), Steam and Air-Conditioning Supply (22133), Steam and Air-Conditioning Supply (221330)

SIC

Cogeneration Services & Small Power Producers (4991), Steam & Air-Conditioning Supply (4961), Engines & Turbines (3510)

akta.pro primary industry

Thermal Power Plant EPC (Gas/Coal/Oil) (EUAEAAAA)

Keywords

• Thermal power generation
• District heating supply
• Combined heat and power
• Electricity utility services
• Wastewater recycling

Headquarters

HQ city

Ulaanbaatar

HQ country

Mongolia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain

Revenue model

1. Electricity Generation and Distribution: Generates and distributes electricity to the Ulaanbaatar power grid, exceeding 2024 production targets by 4.3% at 5.01 billion kWh
2. Thermal Energy Distribution: Supplies heating to residential and commercial buildings in Ulaanbaatar, achieving 5.016 million Gcal distribution in 2024

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Thermal Power Plant №4 generates and distributes electrical power and thermal energy (district heating) from its combined heat and power facility in Ulaanbaatar, Mongolia. In 2024, the plant produced 5.01 billion kWh of electricity (104.3% of plan) and distributed 4.455 billion kWh, while supplying 5.016 million Gcal of thermal energy to residential, commercial, and industrial consumers. It also operates wastewater treatment and recycling systems to support plant operations and reduce freshwater consumption in Ulaanbaatar.

Product overview

Thermal Power Plant №4 (ДЦС-4 ТӨХК) is a state-owned combined heat and power plant in Ulaanbaatar, Mongolia, providing electricity generation, distribution, and district heating services. The facility operates as a vertically integrated energy company with core products including electricity generation (producing approximately 5 billion kWh annually), thermal energy distribution for district heating (approximately 5 million Gcal annually), and industrial water treatment and recycling services. The plant also undertakes infrastructure modernization projects such as boiler system expansion. The company operates various workshops including Turbine, Chemical, Electrical, Mechanical, Heating Control and Automation, and Fuel Transmission departments.

Differentiator

Problem solved

Functional benefit

Products and services

• Electricity Generation and Distribution Generation and distribution of electrical power to consumers through Mongolia's national electricity grid. In 2024, the plant produced 5.01 billion kWh (104.3% of plan) and distributed 4.455 billion kWh (104.6% of plan), serving residential, commercial, and industrial customers in Ulaanbaatar.
• District Heating Supply Supply of thermal energy for district heating through Ulaanbaatar's city-wide pipeline infrastructure. Thermal energy distribution reached 5.016 million Gcal in 2024, fulfilling the operational plan at 100% and serving residential and commercial buildings across the capital.
• Industrial Water Treatment and Recycling Treatment and recycling of wastewater for reuse in power plant operations, replacing technical water consumption with recycled wastewater to reduce freshwater demand and increase Ulaanbaatar's freshwater resources.

Quantifiable outcome

• 104.3% of electricity production target achieved (5.01 billion kWh)
• +2 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Mongolia GovernmentcoreStrategic or Co-development Partner · 1 January 2021State-owned enterprise operating under government oversight; project implementation based on Government Resolution No. 347 dated November 21, 2018; also supported by Mongolian Parliament's January 31, 2019 ratification of the Compact Agreement

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• ENGIE: Global energy operator with significant thermal generation and district heating assets, particularly in Europe and emerging markets. Comparable as a diversified utility with regulated district-heating operations and a transition roadmap for legacy thermal assets.
• Fortum Oyj: Nordic utility with significant combined heat and power and district heating operations across the Nordics and Baltics, including in Russia and Poland. Comparable as an established CHP/district-heating utility operator, though much larger and more geographically diversified than TPP-4.
• Veolia Environnement: Global operator of district heating networks and energy services across Eastern Europe, Central Asia, and China. Comparable in operating regulated district-heating infrastructure and providing heat as a service to municipal and industrial customers.
• Vattenfall: Swedish state-owned utility with extensive district heating and combined heat and power operations in Northern Europe. Comparable as a state-owned utility running regulated heat and power operations, offering a reference point for governance and asset-management approaches.

Direct peers

• Thermal Power Plant No. 3 (ДЦС-3): Mongolia's other major state-owned thermal CHP plant in Ulaanbaatar, directly comparable in terms of fuel mix, technology, state ownership, customer base, and combined heat and power business model. Together with TPP-4 it provides the bulk of Ulaanbaatar's centralized heat and power.
• Korea District Heating Corporation: State-affiliated district heating utility supplying heat to large urban areas in South Korea via centralized CHP and boiler systems. Comparable in being a vertically integrated heat and power provider serving dense urban customers, with similar operational and regulatory characteristics.
• Darkhan Thermal Power Plant: State-affiliated thermal power facility serving Darkhan, Mongolia's second-largest city. Comparable in being a state-supported coal-fired generator with combined heat and power responsibilities to a single urban area, providing a useful benchmark for smaller-scale Mongolian CHP economics.

Regional players

• Inter RAO Group: Russian state-controlled energy holding with cross-border power generation and trading in the CIS, including operations in Mongolia-adjacent geographies. Comparable as a regional state-influenced utility operator with thermal generation and cross-border electricity flows, though much larger and more diversified.
• Tashkent Combined Heat and Power Plant: State-owned thermal CHP serving Tashkent under Uzbekenergo, providing heat and power to a Central Asian capital. Comparable in being a state-operated, coal/natural-gas-fired CHP serving a single major urban area in the post-Soviet space with similar operational and governance characteristics.

Others

• National Power Transmission Grid (Mongolia): Mongolian state-owned grid operator that transmits and dispatches the electricity generated by TPP-4 and other plants. Comparable as the immediate buyer/counterparty for TPP-4's electricity output and a key determinant of its revenue capture, though it does not generate power itself.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@tpp4
• Facebookfacebook.com/thermal.power.plant4.jsc
• LinkedInlinkedin.com/company/thermal-power-plant-%E2%84%964

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Thermal Power Plant №4