Board appointments at the National Petroleum Authority and National Airports Corporation, a new chairman at the National Energy Authority, and a new PNG representative at the United Nations.
National Energy Authority
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.
Papua New Guinea’s independent power producers are owed in excess of K200 million by state utility PNG Power, which itself is facing revenue challenges, according to industry association, IP3. The situation is being made worse by rising global fuel costs.