Mayur Resources, a division of Australian Stock Exchange-listed company Mayur Resources, is a strategic supplier of resources and energy for Papua New Guinea (PNG).
With successful offtake, renewable energy project developer Mayur will also act as sales agent for Gelion in the PNG market.
Mayur’s managing director Paul Mulder said only 13% of PNG was electrified and most of its current power generation capacity relied on diesel or heavy fuel oil, which was not sustainable in today’s energy market.
The MoU is for the provision of energy storage from 2022 to 2027.