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September 23, 2021
Business Featured Momase News

PNG Power Limited adamant that No Power Purchase Agreement was signed with coal miner, Mayur Resources

Image source: Inhabitat

PNG Power Ltd has confirmed that it has not signed any Power Purchase Agreement with Mayur Resources to build coal-fired power plants in Lae, Morobe Province.

The state enterprise added that it had only received an unsolicited proposal from the Australian company to build a coal-fired power plant.

PPL Chief Executive Officer, Chris Bais said that The National Newspaper had misreported on Wednesday November 23 that a Power Purchase Agreement had been signed between PPL and Mayur.

“The proposal is currently under an assessment stage as our technical teams need to ascertain its technical and financial viability. It has not gone to power purchase agreement discussion stage yet.

“PPL is approaching the proposal with caution amidst environmental concerns because such an agreement for coal-fired power stations would put Papua New Guinea in violation of international agreements including the Kyoto Protocol and the recent Paris COP 21 Agreement”.

Mr Bais goes on to say that PPL is conscious of the fact that there are agreements in place with regards to renewable energy and carbon emissions which the PNG Government is party to.

“We are also discussing with relevant government stakeholders about this matter and will make a decision going forward,” assured Bais.

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