Energy regulator announces an increase in power prices to support the rehabilitation of PNG Power, Nambawan Super threatens to lock out its government tenants and Wafi-Golpu negotations continue. Your business news in a nutshell.
In brief: PNG Power’s tariffs rise for the first time in a decade and other stories
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1 Aug 2023 by Leave a Comment
Papua New Guinea’s cash-strapped power sector looks to reforms
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6 Jul 2022 by Leave a Comment
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.
PNG Biomass green power project under threat in Papua New Guinea
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31 May 2021 by 3 Comments
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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24 Feb 2020 by Leave a Comment
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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15 Jul 2019 by Leave a Comment
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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20 Mar 2019 by Leave a Comment
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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18 Sep 2018 by Leave a Comment
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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14 Aug 2018 by 2 Comments
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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3 Jul 2018 by 3 Comments
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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21 Jun 2017 by Leave a Comment
New board appointees at PNG Power and Kumul Consolidated Holdings, a Managing Associate appointment at Allens, and a new Chairperson at Cricket PNG.
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