Power Generation. The Company has proposed a vertically integrated domestic power project at PNG’s second largest city of Lae. A detailed Power Purchase Agreement has been submitted to PNG Power, the state‐owned power entity, for a 52.5MW (net) power facility (with future scalability to 200MW). A definitive feasibility study has been completed for the Lae project that contemplates the use of multi fuels (Enviro Energy Park) including renewables and potentially coal, subject to the requisite regulatory approvals, from the Company’s Depot Creek project in Gulf Province.
Appears in 4 contracts
Sources: Memorandum of Agreement (Moa), Underwriting Agreement, Underwriting Agreement