Mongolia has significant resources of highquality coals. Because of the coalfired TPP at the Tavan Tolgoi coalfield currently being designed, of greatest interest is the coal of the fourth seam of the Tavan Tolgoi coalfield with recoverable reserves of 6,500 million tons. The TPP is expected to offset the power shortage in the southern region of Mongolia as well as Tavan Tolgoi itself and the nearby Oyu Tolgoi mine. In light of the environmental requirements of today, new coal-fired power plants must be environmentally friendly and, if possible, produce additional marketable products along with electricity. For Mongolia, which imports all its liquid motor fuel, this could be methanol, which serves as a fuel for vehicles and the energy industry. This article investigates the issues involved in studying the competitiveness of the integrated production of methanol and electricity based on the coal of the Tavan Tolgoi coalfield in Mongolia.