PNG Power-Oil Search row worsens

ELECTRICITY utility PNG Power Ltd has exercised its legal right to issue a “notice of termination” to Oil Search Ltd regarding the PNG Biomass project in Markham, Morobe, says managing director Flagon Bekker.

PNG Power-Oil Search row worsens PNG Power-Oil Search row worsens PNG Power-Oil Search row worsens PNG Power-Oil Search row worsens PNG Power-Oil Search row worsens

Flagon Bekker

Bekker told The National newspaper that the notice to terminate a power purchase agreement (PPA) signed in Dec 2015 between the two companies was due to the expiry of a due date for the closure of the