Australia has approved finance for the proposed large scale Markham Valley Solar Plant, located in Markham Valley, Morobe Province. The solar plant will connect to the Ramu electricity grid which supplies Lae, Madang and the Highlands.
The plant will be Papua New Guinea’s first utility scale solar power plant and one of the largest solar plants in the Pacific. Construction is expected to commence in 2021.
The solar plant is part of a broader suite of Australian investments under the Papua New Guinea Electrification Partnership that will build new power plants, expand the electricity grids and connect households, schools, clinics and businesses to electricity for the first time, right across Papua New Guinea. The majority of the finance for the solar plant will be provided through the AIFFP.
PNG Power Ltd
The project will reduce power generation costs, lower greenhouse gas emissions and displace high-cost diesel fired electricity generation on the Ramu grid.