World Bank finances PNG electricity improvement project
The World Bank has approved a $30 million (PGK105 million) project to support improvements to the operational and financial performance of Papua New Guinea's state-owned electricity provider.
Works as part of the project include the rehabilitation, reinforcement and upgrade of infrastructure on the Port Moresby, Ramu and Gazelle grids owned and operated by PNG Power Limited.
The project will also support improvements to the management and financial sustainability of PPL, with the focus on improving service quality to consistently meet higher standards. Support will include assistance to PPL in developing its corporate reform plan, including installation of smart meters and new technology applications. In addition, the project will contribute to reducing the cost of power generation and transitioning to sustainable, renewable energy through the preparation and implementation of a Least Cost Power Development Plan for PPL.
