New Ireland Endorses Solar Power Plant Construction
The new global technology to convert solar power to electric power on a large scale took a step closer to reality for New Ireland today with the official signing of the contract agreement between the investor and developer, Zenith Ltd and the New Ireland government.
The historic deal signed by Salim Chamadia of Zenith, chairman of NIDC and NISOLAR Alois Tabareng, and the provincial administrator Lamiller Pawut was witnessed by Governor Sir Julius Chan. The deal will see the construction of solar farms and power plants in Kavieng, Konos and Namatanai.
This was made possible after lengthy discussions with Zenith over a period of time. The Kavieng power capacity will be 2 megawatts and will be constructed on the invest, build, operate and transfer arrangement fully funded by Zenith, with a five-year contract duration.
Namatanai power will be 0.4 megawatts capacity and constructed at a cost of K6.1 million, while the Konos power plant with a capacity of 0.11 megawatts will cost K2.3 million and be fully met by the New Ireland government business arm, New Ireland Development Corporation.
Project work already started with the first shipment of equipment already dispatched to Namatanai. “Solar power generation is the way of the future.
With the energy of the sun being in constant supply you can’t go wrong. Once the power plants are up, the only expenses we’ll be paying for are operational and maintenance costs.
“We won’t be paying for fuel. In the long run we will be saving a lot of money.
It will definitely alleviate the power woes we are currently having with PNG Power,” said Sir Julius.
The solar power plants are estimated to be completed and operational in nine months time.
They will be run and operated by Zenith for five years and transferred to the New Ireland government’s business arm New Ireland company Solar, NISOLAR. A technical phase of the project is to secure the use of the existing power grid of PNG Power Ltd under a power purchase agreement.
“New Ireland is now showing the rest of the country how we should be dealing with the management of power distribution in the country. “PNG Power should just concentrate on being the regulator and purchaser of power instead of being the operator or distributor.
“Leave the operational worries to independent power companies,” said Sir Julius.
Continue reading at https://postcourier.com.pg/new-ireland-endorses-solar-power-plant-construction/ | Post Courier