Not the near term news we would hope for. I do agree that an alternate energy source like gas will be cheaper and less damaging to the environment. From Esso to the south.
I was not happy with a Hydro Electric generation set up.
The dam was to be 300m high at the wall. Earth quake risk enormous. I was in PNG in Dec 1970 and experienced a 7.6 quake centred north of Madang. Lots of native gardens slipped from ridge tops between Madang and Wewak. I cant imagine how a 300m high dam wall would fair. Construction time will probably be the same to finish as original. Tricky to lay a gas pipeline though. Conclusion :- probably better for the project. Cheers
HIG Price at posting:
18.0¢ Sentiment: LT Buy Disclosure: Held