The governments of Papua New Guinea and Queensland have signed a Memorandum of Cooperation with PNG Energy Developments Ltd (PNG EDL) and Origin Energy Limited ('Origin') to support the potential development of a renewable hydro electricity project. The project would create thousands of jobs and provide low carbon baseload electricity to PNG, north and far north Queensland, and Australia’s National Electricity Market.
PNG EDL, a 50:50 joint venture between Origin and PNG Sustainable Development Program Ltd, is evaluating the hydro-electric potential of the Purari Hydro Resource at Wabo in the Gulf Province of PNG. Capturing the power of the existing river flows, the development under consideration would have the capacity to generate approximately 1800 MW of renewable baseload electricity.
PNG Deputy Prime Minister and Minister for Works and Transport, the Honourable Don Pomb Polye MP said, "The PNG Government is proud of achieving this milestone where the governments of Queensland and PNG as well as the private sector can come together in this strategic partnership to develop such an important project.
(ASX/Media Release)
To view fact sheet - http://www.originenergy.com.au/news/files/FactSheetPNGRenewableEnergyProject.pdf
To view presentation -
http://www.originenergy.com.au/news/files/PresentationPNGRenewableEnergyProjectSept2010.pdf
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