Steamships broke ground on its 38-hectare Portside Business Park to great fanfare in 2024. Alan Heyns, General Manager of its property division, shares its impressive progress so far with Business Advantage PNG.
Infrastructure
Independent power producers are key to PNG’s ambitious electrification goals. However, they may wait to see results from PNG Power’s turnaround plans before approving new investments, as Business Advantage PNG learns.
Following on from his recent interview with Business Advantage PNG, new PNG Power Limited CEO Paul Bayly expanded on the utility’s turnaround plan at the 2025 Business Advantage PNG Investment Conference. In his speech, he shared a list of near-term projects which would assist with the turnaround and include “opportunities for would-be investors”.
Paul Bayly was appointed to the hot seat as chief executive officer of PNG Power Ltd (PPL) in March 2025. Ahead of his appearance at the 2025 PNG Investment Conference, the New Zealand national sits down with Business Advantage PNG to share how he plans to address the challenges facing the state-owned utility.
Papua New Guinea has taken positive steps to improve the performance of its state-owned enterprises, but further reforms are needed to deliver lasting gains, Laure Darcy, one of the Asian Development Bank’s leading SOE experts for the Pacific, tells Business Advantage PNG.
Independent power producers are playing a key role in helping PNG move towards its ambitious electrification goals. But their viability will be in question until a dispute over payments is resolved.
After a challenging 2023, Papua New Guinea’s port and road transport operators are preparing for a significant recovery in demand this year.
PNG Hydro Development Company’s new Edevu Hydro project is the latest project to address the long-term investment deficit in Port Moresby’s energy grid.
Some key Papua New Guinea state assets, including the site of Port Moresby’s old port, are being readied for redevelopment, with private sector investment being sought. The move is being guided by a new investment strategy from state holding company, Kumul Consolidated Holdings.
Ahead of registrations for early works contracts on Papua LNG closing, the Institute of Banking and Business Management’s CEO Susil Nelson-Kongoi walked Business Advantage PNG through recent developments