Monday February 29, 2016 – Kumul Consolidated Holdings (KCH) is seeking Expressions of Interest (EOI) from internationally reputable Independent Power Producers (IPPs) for the financing, engineering, procurement, construction and operation of the Ramu 2 Hydroelectric project (the Project).
Located in Yonki, Eastern Highlands Province in Papua New Guinea; the Project is a proposed new 180MW run-of-the-river hydro-generation plant to be constructed downstream from the existing Yonki Dam and Ramu 1 generation facilities using the same Yonki Dam water resource.
Ramu 2 Hydroelectric project is a project of national significance as it aims to harness the country’s water resource and optimise long-term, least-cost generation capacity for the growth and prosperity of Papua New Guinea and its people. A technical, social and environmental feasibility study on the Project has been completed.
Consistent with Government’s emphasis on private sector participation in the country’s power generation space; KCH aims to formalise a PPP modality within the calendar year 2016. The Government through KCH is now seeking to contract with a Consortium (single purpose entity) to deliver the Project. This reflects the government’s desire for a fully integrated approach whereby the Consortium is required to, as a minimum, design, construct, finance, operate and maintain the asset.
The EOI will be available from the 29 February 2016.
Interested parties are required to register their interest by sending an email to Ramu2project@kch.com.pg and include the following: 1) Title: Ramu 2 Hydroelectric Project- Independent Power Producers, 2) Organisation name, 3) Contact name, 4) Contact email address.
The EOI overview document can be accessed via this link
EOI submissions are to be received prior to 10:00am (Queensland, Australia Time) Monday, 28 March 2016.
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