Its pretty convuluted english...
But it appears they get the PPA for the Moitaka power plant in an endeavour to get it up to 30MW. A google search shows it is already a 30mw oil fired generator, but not being used to capacity. So no capex and a margin if they get it operating correctly.
The second part is a new gas fired 80mw plant - if ccgt it with be 40MW gas fired & 40 mw steam - but will need gas from oilsearch or IOC. It is small so not wildly material. But it is a show of support by PNG - which MAY be relevant to the IOC proposal. Does it mean that the EWC invlovement survive the IOC selldown? Especially as Shell appears to be the leading bidder and they are developing their own modular solution.
I have aways thought the PNG economics were a bit of a sideshow for EWC. If shell adopted the EWC solution - that would be a massive stamp of approval.
Its pretty convuluted english...But it appears they get the PPA...
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