Innovative solution to delays in Papua New Guinea’s power projects

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Power projects in Papua New Guinea are notorious for taking a long time to get up and running, Independent Power Producers of Papua New Guinea Industry Group Chairman David Burbidge tells Business Advantage PNG. But the group may have a solution.

In Brief: KAML announces half-year profit of K1.22m, and other business stories

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Kina Asset Management’s half-year net profit, Range View precinct under way, and a local tech company trials its own messaging app. Your weekly digest of the latest business news.

PNG Power MD outlines plans to cut tariffs by half and sharply increase access to electricity

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PNG Power is aiming to cut tariffs by half and electrify 70 per cent of the country in the next five to 10 years according to Acting Managing Director Carolyn Blacklock. But to achieve those goals the organisation will require a new ‘business model’ she says.

Improving access to finance the key to solar power expansion in Papua New Guinea

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Improved access to finance could the rapid development of solar power, according to Jon Pittar, Managing Director of solar provider, Solar Solutions PNG. If the government is to achieve its energy goal of giving access to power to 70 per cent of the population by 2030, he believes solar-powered systems must be provided to rural communities.

People moves: PNG Power, Kumul Consolidated Holdings, Allens, Cricket PNG

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New board appointees at PNG Power and Kumul Consolidated Holdings, a Managing Associate appointment at Allens, and a new Chairperson at Cricket PNG.

Asian Development Bank puts case for greater private involvement in state-owned enterprises

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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.

In brief: Sir Mekere Morauta offers 3-step solution to K2 billion PNGSDP dispute, and other business stories

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Sir Mekere Morauta calls for ‘genuine government effort’ to resolve K2 billion dispute, IFC approves credit facility and Manus business leaders want to be treated as a ‘special case’, if detention camps close. Your weekly digest of the latest business news.

In brief: Bank of Papua New Guinea seeks K793 million loan to assist foreign exchange backlog, and other business stories

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Central bank seeks temporary loan to cover backlog of demand for foreign currency, district grants and non-tax paying companies under fire and kina to fall to its lowest level since 2003 if current rate of depreciation continues. Your weekly digest of the latest business news.

In brief: Papua New Guinea forex pressure to ease by the end of April says BSP CEO, and other business stories

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Ok Tedi’s cashflow plus new loan to ease foreign exchange situation, feasibility study to look at water pipeline from Highlands to Queensland, and illegal fishing in Pacific costs US$660 million a year. Your weekly digest of the latest business news.

People moves: Air Niugini, PNG Power, Petroleum and Energy Dept

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Air Niugini’s new Operations Manager in Solomon Islands, Cabinet to appoint a new Chairman of PNG Power, a new Acting Secretary for Petroleum and Energy