Markham Bio-mass project developer, Oil Search yesterday signed the Power Purchase Agreement (PPA) with PNG Power today in Port Moresby.
Oil Search owns 70 percent of the project and Aligned Energy 30 percent.
The PPA agreement will see state owned electricity supplier purchase electricity to beef up its Ramu grid capacity.
The project is located in Morobe Province, and more than 200,000 trees are being planted to feed this project.
