Shenzen Company Limited

LO’s stake in Ramu 2 await finalization

The State and Ramu 2 Hydro Developer, Shenzen Company Limited, are finalizing discussions with the launching expected in November.

Under the agreement the State along with the Provinces of Eastern Highlands and Morobe, and Landowners will own 30% while Shenzen Energy has a 70% stake.

Minister for State Owned Enterprises, William Duma, says discussions with landowners and the Province have already commenced and they are awaiting the commercial agreement to be finalized.