Hydro power project seeks investment partner


An opportunity to invest in a hydro power project sits in the Kundiawa area of Simbu Province.

The project proponent is Kair Engineering Limited, a wholly national owned company, is seeking a joint venture partner whether local or overseas.

The company commenced business in December 1994 and in its endeavor to expand its operations had resulted in it initiating pre-feasibility studies on a number of rivers in Simbu.

Kair Engineering is waiting to take off the ground an MOU it had signed with the government through national power supplier PNG power in May 2014. This was endorsed by the PNG Government through the National Executive Council in April the following year in 2015.

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According to Kair Engineering the company engaged Anhui Technology of the People’s Republic of China to conduct a full design feasibility study to progress the project.

The study had found Waghi River the best option considering the potential it had to generate over 1000MW of hydro power.

For further information, you may contact

kairengineering44@gmail.com, daroa@ipa.gov.pg or hbae@ipa.gov.pg

Advertiser:  Investment Promotion Authority

Website: https://www.ipa.gov.pg/
Email:  hbae@ipa.gov.pg