Papua New Guinea Power has signed a memorandum of understanding for a hydroproject in Oro province.
The Post Courier newspaper reports nearly forty years after the project on the Divune River was identified, it is becoming a reality, thanks to a partnership between the utilities company and the Asian Development Bank.
Project funding will come under the bank's town electrification improvement program and major civil works are expected to begin later this year.
The agreement was signed between the eight clan members of the Divune Landowner Company, the Oro Provincial Government and PNG Power.
The signing allows PNG Power to access the project site and commence work as the developer.
