About Sunsteppe Power
- Sunsteppe Power LLC, registered in Mongolia, is a leading renewable energy development company. Formed as a partnership with Petro Matad Limited, Sunsteppe Power focuses on developing large-scale renewable energy projects in Mongolia.
- SSP focuses on development and investment in all types of utility scale renewable power projects in Mongolia, including the related infrastructure for projects
- Strong relationships with key Government Authorities, Off takers and Private stakeholders
- All our developments aim to meet international standards and bankability, including but not limited to the Environmental studies done at World Bank IFC International standards / Equator principles.
- Emission Reduction/Clean Air for Future Generations: focus on sustainable energy projects, pushing Mongolia to achieve NetZero, in line with the Government’s Vision 2050.
- Strategic partnership with large international partners and top Chinese SOE Utilities
About Petro Matad
- A Mongolian subsidiary of London listed Petro Matad, a hydrocarbon exploration and production company operating in Mongolia since 2006.
- 17 years of operational experience in many areas of Mongolia. The company has raised over 100 MUSD of international investments and started oil production in 2024
- Petro Matad is a company focused on delivery of energy in Mongolia from both the hydrocarbon and renewables sectors. In Mongolia’s hydrocarbon sector the group holds 100% working interest and is the operator of Production Sharing Contracts (PSCs) over the number of areas with the Government of Mongolia.
- Petro Matad successfully conducted exploration activities in Block XX, located in Dornod Province, and discovered oil at the "Tsen Togoruu I" well in 2019. As a result, the company's stock price on the London Stock Exchange increased.
- The company aims to expand its operations in Mongolia’s oil sector and increase production levels in the future.
Shareholders
London Stock Exchange
Petro Matad started trading its shares on the London Stock Exchange in May 2008.
www.londonstockexchange.com
Petrovis
Petro Matad's founding and largest shareholder is the leading petroleum import company in Mongolia.
www.petromatadgroup.com
Board of Directors
Mike Buck
Board of director
Mr. Buck is a geologist/geophysicist by training and joined the oil industry in 1979. He spent 20 years with LASMO PLC working first as a prospect generator focused on the UK continental shelf. He then moved to international assignments in Indonesia, Colombia, Vietnam and Libya and was involved in the discovery of several commercial oil and gas fields. Following Eni’s takeover of LASMO, Mike became Managing Director of Eni Pakistan and then Managing Director of Eni Iran, working on major oil and gas developments in both countries. In 2006, Mike joined S E Asian focused Salamander Energy PLC as Chief Operating Officer. After the takeover of Salamander by Ophir Energy he was retained to help with the integration process following which he consulted for a number of companies in the S E Asian region before joining Petro Matad in 2017 as Chief Executive Officer. Mike has worked on all aspects of the E&P value chain. He holds a BSc in Geophysics from Liverpool University and an MSc (with Distinction) in Petroleum Geology from Imperial College, London.
Zula Luvsandorj
Board Member
Zula Luvsandorj has a background in Project Finance, specializing in infrastructure, energy and oil & gas. She has over 15 years of experience in Project Finance structuring and execution of large, scaled infrastructure, energy and oil & gas projects for multinational entities in Europe, Middle East and Africa. During her banking career in London, Zula executed deals covering US$20bln in energy, infrastructure, mining and renewable energy projects in the European, Middle East and African markets. She is passionate about clean energy and s supporting both the public and private sectors in financing green projects. Most recently, during the 2020-2021, her career as a Project Finance Advisor to the UK Government’s, Infrastructure and Projects Authority (IPA) at the Cabinet Office, she has worked on UK's Hydrogen project and Government's incentive structuring. She holds an Oxford Executive MBA from Saïd Business School.
Tim Bushell
Board member
Mr. Bushell is a qualified geologist with more than 41 years’ experience in the oil and gas industry. He has worked for British Gas, Ultramar, LASMO, and Paladin Resources. Tim was Chief Executive Officer at Falkland Oil and Gas Limited and Director/co-founder of Core Energy AS (now part of Vår Energi AS). He is currently serving as Non-Executive Chairman of Wentworth Resources PLC and is also a Director of Redrock Energy Limited. Tim holds a BSc in Geology from the University of Liverpool and an MSc from the University of Reading.
Paul Vezolles
Board member
Mr. Paul is the founder and CEO of Chatham Park Development which is focused on urban residential, mixed-use and hotel real estate projects. He has more than 30 years of experience investing in real estate and public equities, including 20 years at the helm of the $4 billion-plus WEDGE Mid Cap Value fund. Paul is a board member of Magnostics, a biotech company, runs a small hospitality property business and invests in start-up companies. He has earned degrees from Indiana University (B.A. Economics), DePaul University (M.A. Economics), New York University (Executive MBA) and University of Oxford (M.S. Major Programma Management), as well as a Postgraduate Diploma in Financial Strategy from Oxford, where he also studied Real Estate, Private Equity and Impact Investing.
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