Common Contracts

Contract

March 6th, 2002

• Filed
  March 6th, 2002

Country Papua New Guinea Project Yonki Hydroelectric Project Borrower Government of Papua New Guinea Executing Agency Papua New Guinea Electricity Commission Exchange of NotesLoan Agreement July 1986January 1987 Loan AmountLoan Disbursed Amount ¥9,572 million¥7,400 million Project Summary and OECF Portion This project aims to raise the facilities utilization rate for the existing Ramu I Power Station (three 15MW hydraulic turbine generators) located on a high plateau on the island of New Guinea by building a dam on the Yonki River some 2 km upstream on the Ramu River to reduce the large fluctuations in water flow during the dry season and rainy season, and also to add two 15MW hydraulic turbine generators to the same power station, in order to provide stable and cheap electric power. This project is co-financed with the World Bank and the European Investment Bank (EIB), and the ODA loan covers part of the civil engineering work and the entire cost of the hydraulic turbine generators