Mayur managing director Paul Mulder said his company was excited about the potential of Yandera.
"Mayur Power Generation is optimistic about our ability to provide a cost effective and reliable power solution," he said.
Era's global operations vice president André Wessels said Era was impressed with Mayur's strategic approach, and progress, with addressing some of the challenges in relation to power generation in PNG.
"We look forward to working with Mayur towards securing a competitive power solution for Yandera," Wessels said.
Era has, meanwhile, filed a technical report detailing the previously announced resource for Yandera.