The Yonki Reservoir inthe Eastern Highlands Province currently supplies water and electricity to Lae city, Madang andthe highlands region.
Ramu 2 currently under feasibility study stands to extend this service tothe mining sit’s inthese provinces includingthe Sepik Province.
IPBe managing director Wasantha Kumarasiri saidthe Parsons Beinkerhoff Australia limited in conjunction with Kramer Ausenco were technically sound resulting inthe awarding ofthe contract.
Ramu 2 prefeasibility studies commenced in January 2011 and concluded in 2012 with an estimated budget of 30 million kina forseen.
The agreement signed yesterday afternoon will seethe continuation ofthe study and is expected to be completed in 2014.
PNG Pawa will take overthe construction phase once feasibility study is completed. This phase is estimated to go over 4 years. IPBe will set up a project management unit to overseethe investigation.
