The project is planned to be an integrated electric utility, consisting of several hydroelectric generating facilities and several megawatts of solar generating facilities aggregating up to 10 megawatts of capacity, a corresponding amount of back-up/standby diesel generators, and distribution lines and related equipment.
We have received the approval of the Bougainville Department of Trade, Commerce & Industry under the Bougainville Inward Investment Act to proceed with the first stage of the project, a feasibility study, as well as written confirmation that we will be given first preference to develop the project. We are awaiting legislation to be passed in Bougainville governing electricity and power generation and distribution to proceed.
