PNG Power Ltd has signed a Memorandum of Understanding with the Central Provincial Government and a South Korean company, K&P Limited on February 8, 2017 to assist with the feasibility study into the development of a 50 MW solar farm.
The 50MW solar farm is an initiative of the Central Provincial Government and will be constructed at 14 Mile outside Port Moresby.
The electricity generated from the Solar farm will be supplied onto PNG Power’s Port Moresby system.
PNG Power will only provide technical advice and any other necessary information and support that may be useful in the study of the proposed solar farm.
PNG Power is committed on the development of renewable energy mainly in hydro, biomass, solar and other sources of renewable energy to generate electricity as a way to reduce its heavy dependence on costly fuel for its power stations.
The primary reason for going into renewable energy is to reduce the huge annual expenditure on diesel fuel and secondly to contribute to PNG’s objectives to become a clean and green country.
The 50Mw Edevu Hydro Power Project that was launched on Monday, February 6, 2017, is one of the renewable energy projects which PNG Power was happy to sign the Power Purchase Agreement with the developer, PNG Hydro Development Limited in December, 2015.
The Edevu Hydro Power Project will be commissioned in 2020. Under this Agreement, PNG Power will purchase power from PNG Hydro Development Limited to supply to the National Capital District and Central Province.