Out of the 65 companies which expressed their interest, the three shortlisted by the Kumul Consolidated Holdings (KCH) are:
- A consortium from Korea which includes Pasco Daewoo, Korea Western Power, Daelim Energy and Hyundai Engineering Consortium;
- Chinese company Sinohydro Corporation Limited; and,
- Shenzhen Energy Group Co Limited also from Chins.
Duma said Papua New Guinea was a developing country and the need for energy continued to increase.
“The population continues to increases and the need for energy is there,” he said.
“We have a team of property advisers, legal advisers and people who normally found in projects of such magnitude and they have gone through a very exhaustive screening process to finally shortlist the three companies.
“The next process will be for the three shortlisted companies to submit proposals which the KCH would screen and select one that is qualified to develop the project in partnership with the State.” The National