Managing director for Oil Search Peter Botten said the NiuPower gas-fired power plant, a joint venture investment with Kumul Petroleum Holdings, is awaiting final approvals from the Independent Consumer and Competition Commission (ICCC) before production can begin at the 58 megawatt plant.Read More
Published in the The National on 29 April 2019
PNG Power Limited (PPL) and NiuPower, an independent power provider, have finalised the power purchase agreement for the 58-megawatt gas-fired power plant near Port Moresby.
The agreement was signed last Friday by PNG Power acting managing director Carolyn Blacklock, Oil Search Limited chairman Gerea Aopi and Kumul Petroleum Holding Limited (KPHL) legal officer Rogen Wato.
Blacklock said the shift from fossil fuel to gas-powered electricity in Port Moresby would save PNG Power more than K100 million in fuel purchase.
She described the gas-powered project as the biggest power project in the country which will increase and improve power service reliability. “It makes us as a better utility company by its existence,” she said.
Niupower is owned by Kumul Petroleum Holding Limited and Oil Search Limited.
“The design done by ExxonMobil is according to what PNG Power needed and not what ExxonMobil wanted to build.
“This project is not just one that can save K100 million a year but a project built in consultation with PNG Power, based on a design that is reliable and affordable, meeting standards. “We are buying power that is most appropriate to our needs and the needs of our customers in Port Moresby.”
The 58-megawatt gas-fired power plant developed by NiuPower for Port Moresby is expected to save PNG Power K100 million annually when it comes online.Read More
ExxonMobil PNG and NiuPower project and operating teams celebrated the completion of the gas connection to the Port Moresby Power Plant on Wednesday 6 March. A celebration lunch was hosted by ExxonMobil PNG to deepen the relationship and celebrate this milestone with the NiuPower team.Read More
The switching by PNG Power Limited (PPL) to the new gas-fuelled power station being developed by NiuPower outside Port Moresby is expected to save PPL millions of kina annually.
NiuPower’s CEO, Richard Robinson said PPL had advised that the power station would save around K100 million annually. It will also reduce the adverse environmental impacts of power generation for Port Moresby.Read More
Amid a hype of activity in recent years around the power generation sector since it was opened up to competition, the national government has come out stating the need to be selective of Independent Power Producer getting into the market.Read More
The Minister for State Enterprises and Investments, Hon William Duma, today launched the Port Moresby Power Project during a ground breaking ceremony near the PNG LNG liquefaction plant site.
The US$120 million project, which will use natural gas from the LNG plant, is being developed by NiuPower, a 50/50 partnership between Kumul Petroleum Holdings Limited (KPHL) and Oil Search Limited.Read More
Apppointed CEO of NiuPower Limited
Port Moresby, 26th June 2017 – Papua New Guinea’s National Oil and Gas Company, Kumul Petroleum Holdings Limited (KPHL) has appointed Richard Robinson to head its new Energy Business Subsidiary.
Mr Robinson will be heading Kumul Energy Company (which is a 100% Subsidiary of KPHL). In his capacity as Head of Kumul Energy he will be seconded as CEO to the Oil search and KPHL 50/50 joint-venture NiuPower Limited, which will own and build the Port Moresby Power Station.Read More