Recently, the signing ceremony of Papua New Guinea (“PNG”) YTOD and Warangoi Hydro Power Plant Project has been hold at the head office of PNG Power Ltd. Managing Director of PNG Power Ltd., General Manager of DEC Intl Plant& Project Div. No.2 and Managing Director of AGI Ltd. signed the EPC contract on behalf of PNG Power Ltd and JV of DEC-AG respectively. Meanwhile, the Representative of Asia Development Bank in PNG, representatives of PNG Power Ltd., DEC and AG attended the ceremony.
During the signing ceremony, MD of PNG Power Ltd highly praised the outcome which been achieved by DEC in PNG power generation sector in such a short period. He also expressed the expectation of DEC’s continuous contribution to the local power construction.
PNG is the second largest country of Oceania. The two HPP projects are both funded by Asian Development Bank.