By Leanne Jorari – EMTV, Port Moresby
The Independent Consumer and Competition Commission issued a license to generate electricity to the Markham Valley Biomass Project.
This is the first time the commission has issued a license to generate electricity to a renewable energy company.
The ICCC advised the issuance of an electricity generation license to Markham Valley Biomass Limited to generate and supply power.
According to Commissioner Paulus Ain, MVBL has complied to all the licensing requirements under the Electricity Industry Act and other industry legislations and regulations.
The Markham Valley Biomass Limited is a subsidiary of Oil Search Limited and has a Power Purchase agreement with PNG Power Limited to generate 15 megawatts of power from biomass in Markham Valley, Morobe Province, supplying to PNG Power through its Ramu grid.
The construction phase will take place during a 33 month period and the company will begin supplying electricity to PNG power in 2021.
