According to a statement by Era Resources the parties have agreed to negotiate on a non-exclusive basis the terms of a development agreement to secure over-the-fence supply of power for the Era’s Yandera Project in Madang.
André Wessels, Era’s Vice President of Global Operations said "we are impressed with Mayur’s strategic approach, and progress, with addressing some of the challenges in relation to power generation in PNG. We look forward to working with Mayur towards securing a competitive power solution for the Yandera Project.”
