SMEC has been engaged by AG Investment Limited to continue work on the 51MW Edevu hydropower project in Papua New Guinea
The firm has said it will now complete the valuation of physical assets and estimation of the owner's cost (to date) and will continue as Independent Engineer during project construction, having previously provided designs services on the scheme.
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.
