Salini Impregilo wins $2bn dam in Papua New Guinea

Salini Impregilo and the government of Papua New Guinea (PNG) have signed a joint venture agreement for a 1.8GW hydroelectric project costing an estimated $2bn. 

The Italian contractor will build the Karamui dam in the central highlands province of Simbu, a scheme that is seen as a key element in PNG’s infrastructure development. 

PNG has a growing demand for electricity, partly as a result of government efforts to stimulate economic growth by stepping up electricity provision for businesses, industries, urban centres and households throughout the country.  

The government’s general infrastructure development plan also envisages investment in highways, airports, ports, communication systems and power generation. Among the strategic goals of this construction is to stimulate tourist growth and the export of natural resources. 

Last month it was announced that Salini Impregilo’s revenues for 2014 rose 10% compared with 2013. 

Image: A Salini-Impregilo dam in Turkey