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Pacific Lime and Cement Limited ( (AU:PLA) ) has shared an update.
Pacific Lime and Cement Limited has signed a strategic Memorandum of Understanding with Dirio Gas & Power Company to develop dedicated power infrastructure for its Central Lime and Central Cement Projects in Papua New Guinea. The collaboration focuses on a private 66kV transmission line from Dirio’s Central Province Power Station to the Kido project area, enhancing energy security for the company’s Special Economic Zone.
Under the agreement, Dirio will undertake feasibility, design, approvals, and EPC and operational responsibilities for the transmission line and substations, integrating with Pacific Lime and Cement’s existing hybrid power system of diesel, battery storage, and solar. The additional power source is intended to support project start-up and long-term operations, with potential to extend electricity to nearby communities along the corridor, strengthening both project viability and local development benefits.
More about Pacific Lime and Cement Limited
Pacific Lime and Cement Limited is an Australia- and Papua New Guinea-listed company focused on developing lime and cement projects in Papua New Guinea, particularly within a Special Economic Zone at Kido in Central Province. The company is advancing the Central Lime and Central Cement Projects, supported by associated infrastructure such as power, road, and water pipeline corridors to underpin industrial-scale operations.
Average Trading Volume: 434,837
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$257.4M
See more data about PLA stock on TipRanks’ Stock Analysis page.