SMEC has been engaged by AG Investment Limited to continue work on the 51 MW Edevu Hydropower Project in Papua New Guinea (PNG). SMEC will complete the valuation of physical assets and estimation of the owner's cost (to date) and will continue as Independent Engineer during project construction.
Under a recently secured Power Purchase Agreement (PPA), AG Investment Limited has undertaken several preliminary site development works including: camps, roads, and bridges. SMEC is providing technical due diligence and site assessment; independent hydrological and sediment study; reservoir simulation and energy estimate; study of peaking operation scenario; physical asset valuation and owner's investment estimates.
SMEC has previously provided design services to AG Investment Limited during the initial designs of the Edevu Hydropower Project. In 2015, SMEC was engaged for the technical due diligence of this Project, which included the review of feasibility designs.
April 26, 2024
