PNG Power

Future of government shareholding in Oil Search revealed next month, former planning minister guilty of corruption, BHP sees long-term future in gas and other local and regional stories.

Morobe Mining and PNG Power Chief Executive appointments confirmed this week.

State utility PNG Power has been authorised to start negotiations with Hong Kong-based liquefied gas and power company, Energy World Corporation, to build a new 30MW-to-80MW diesel and gas-fuelled power plant in Port Moresby.

Power outages may become a distant memory, with Papua New Guinea’s power generation capacity set to double in coming years, largely due to increased investment from the private sector.

John Tangit has been appointed Acting CEO of PNG Power, following the resignation of Tony Koiri.

Tony Koiri has stepped down from the role of Chief Executive Officer of state-owned utility PNG Power Ltd after six years at the helm. He will stay on as a special advisor for the next six months to smooth the transition to new company leadership.

PNG’s first privately-built hydro electricity power station has opened in Bulolo, Morobe Province.

Ross Garnaut resigns from Ok Tedi

Many of the success stories in this publication have occurred against significant odds. Papua New Guinea’s producers face many challenges in developing their businesses, although things are looking up.

Two organisations worth knowing about if you’re looking to invest in Papua New Guinea.