PNG Biomass green power project under threat in Papua New Guinea

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The future of one of Papua New Guinea’s highest profile green energy projects, PNG Biomass, appears under a cloud following the move by state-owned utility PNG Power to potentially cancel the power purchase agreement it has with the project.

Privatisation on the agenda for Papua New Guinea’s state-owned enterprises?

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Minister for State Enterprises Sasindran Muthuvel has revealed his plans to reform Papua New Guinean’s under-capitalised state utilities and telecommunications businesses. The future could involve partial privatisation, he says.

In brief: Port Moresby Stock Exchange changes its name and other business stories

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Papua New Guinea’s stock exchange changes its name, Oil Search signs MoU to help sustainable agriculture, and PNG Power reviews financial reporting. Your weekly digest of business news.

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.