ANZ’s timely discussion paper, ‘Powering PNG into the Asian Century’, argues for further reform in Papua New Guinea’s electricity sector and a greater reliance on newer, cleaner energy technologies.
PNG Power
Treasury says Deficit rises to 9.4% of GDP, foreign advisers ban, and parliament passes Sovereign Wealth Fund bill. Your weekly digest of the latest business news.
Two new milestones on the way to boosting electricity access to 70 per cent of Papua New Guineans households are due this month. Business Advantage PNG speaks with Roberto Aiello, Senior Energy Specialist with the World Bank, which is supporting the PNG government with its energy development plans.
A drilling campaign covering 1.5 km in the Gulf region has revealed there is enough high quality coal to run a 50-megawatt power station for 30 years, according to Paul Mulder, CEO of Brisbane-based unlisted miner, Mayur Resources.
Proposed Sovereign Wealth Fund reaches third reading stage, Air Niugini ‘on track’ for 50% sell-off, and second LNG plant to create 10,000 jobs. Your weekly digest of the latest business news.
Pernix Group looks to expand into Papua New Guinea, European Investment Bank invited into PNG and Finance Minister says LNG is not ‘a waterfall’ of money.
PNG Government likely to prepare mini-budget, Pacific Assurance Group urges Bank of PNG to lift restrictions, and Lihir mine temporarily ceases operations. Your weekly digest of the latest business news.
As the Papua New Guinean Government prepares to present a state of emergency report on the country’s electricity services, the it has stepped in to make major changes to the way state utility PNG Power Ltd is managed to make it ‘more corporate oriented’.
Italian firm to construct giant Chimbo hydro dam, SOEs’ assets valued at K20 billion, and development concept for Elk-Antelope expected by mid-year. Your weekly digest of the latest business news.
A new Managing Director at the IPBC, a new Executive Director at PNG Power, Newcrest Mining appoints a Chief Development Officer and a new chair for Virgin Australia.