Increasing private sector involvement in Papua New Guinea’s state-owned enterprises (SOEs) would be a ‘powerful mechanism’ for improving the sector’s efficiency, according to a new report by the Asian Development Bank.
Asian Development Bank puts case for greater private involvement in state-owned enterprises
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Papua New Guinea participates in a global transparency initiative for the resources industries
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Papua New Guinea has participated in its first report to the Extractive Industries Transparency Initiative (EITI), which is a global effort to improve transparency in resource rich countries to help them avoid the so-called ‘resource curse’.
In brief: New Public Enterprises Minister to review state-owned enterprises prior to privatisation, and other business stories
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Duma to review SOEs before privatisation process, Santos reported to be selling PNG LNG stake, KCH receives study on proposed 1800MW hydro dam. Your weekly digest of the latest business news.
Power outages in Papua New Guinea’s three main grids the result of inadequate maintenance, not installed capacity: review
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An analysis of Papua New Guinea’s three main power grids has revealed that inadequate maintenance of plants and the transmission lines is the primary cause of frequent power outages, according to a review conducting by London-based consultants, Economic Consulting Associates. The review also comes with some recommendations.
Ramu 2 hydropower one of five renewable power projects to boost Papua New Guinea power generation
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The Ramu 2 Hydro Power Project is expected to increase total electricity generation capacity in Papua New Guinea by 36%, according to the Managing Director of Kumul Consolidated Holdings, Garry Hersey. It’s one of five new energy projects launched recently.
Papua New Guinea’s long-awaited Pacific Marine Industrial Zone launched
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Eleven years after the Papua New Guinea government’s National Executive Council approved the scheme, the Pacific Marine Industrial Zone (PMIZ) in Madang Province has finally been launched, with local business leaders saying it will reduce freight costs, speed up transport and reduce congestion at Lae’s wharves.
People moves: Kumul Consolidated Holdings (IPBC), Santos, Harmony Gold
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Heim leaves Deloitte for Kumul Consolidated Holdings, a new Managing Director for Santos in 2016, and Harmony Gold appoints new CEO.
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