Electrification Partnership beginning of new era for PNG Power

Carolyn Blacklock, the acting Managing Director of PNG Power, says the money that will come from the Papua New Guinea Electrification Partnership established at APEC will greatly assist the roll out of electricity. She says PNG Power has sharply increased the number of connections it is making and is aiming to concentrate on hydropower.

‘Fundamental change’ needed with Papua New Guinea state-owned enterprises

Kumul Consolidated Holdings, the holding company for Papua New Guinea’s state-owned enterprises (SOEs), has released its Year in Review. It says that 2018 has been ‘particularly difficult and challenging’ for the country’s SOEs and that a fundamental change is necessary if the enterprises are to expand.

In brief: Lihir most productive mine in PNG, and other business stories

Lihir most productive mine, apprentice of the year named, and a public-private partnership for power in Hela. Your weekly digest of the latest business news. Lihir Gold Mine in the New Ireland Province has topped the mining sector in the country as the most productive mine, according to Mining Minister Johnson Tuke. ‘In 2017, it […]

PM signs Papua New Guinea Electrification Partnership with Australia, US, Japan and US

The Prime Minister Peter O’Neill has signed the Papua New Guinea Electrification Partnership with Australia, Japan, the United States and New Zealand, whose aim is to provide power to 70 per cent of the country’s population by 2030. Currently, only 13 per cent of PNG’s population has reliable access to electricity.

In brief: Cost of running APEC close to K1 billion, and other business stories

Treasurer Charles Abel puts APEC cost between K900-K1 billion, feasibility plans for five ports, export licences for bech-de-mer likely to be slashed. Your weekly digest of the latest business news.

In brief: Government plans five new highways and other business stories

Government plans to build and open five new highways, Milbank launches women-only credit card, and PNG Power to upgrade two projects in Eastern Highlands and East New Britain. Your weekly digest of the latest business news. 

In brief: PNG Power’s APEC commitment, and other business stories

Oil Search’s strong result, PNG Power promises, and a loan agreement for Crater Gold Mining. Your weekly digest of the latest business news.

In brief: Visas-on-arrival suspensions for November, and other business news

Visa suspensions to hit tourism, rice imports slammed, and a coal power plant proposed for Lae. Your weekly digest of the latest business news.

In brief: Ramu NiCo announces K4.8b expansion plans, and other business news

Ramu NiCo announces expansion, Kina Bank celebrates innovation award, and Frieda River Project Accord signed. A weekly digest of the latest business news.

In brief: Air Niugini launches new direct routes, and other business news

Air Niugini launches new direct route, Total wins contract for Lihir Gold Mine, and a new state-owned-enterprise is formed. Your weekly digest of the latest business news.