Nupiri clarifies state of PPL

PNG Power Ltd (PPL) is in far better health now than it has been for many years, chairman Peter Nupiri says.
Nupiri said PPL had a clear plan to rebuild, reform and rewire the company over the next few years.
He said this in response to claims of mismanagement against acting managing director Carolyn Blacklock and her executive team.
“We plan to do a fuel switch from high cost heavy fuel oil/diesel powered independent power producers (IPPs) to gas in the interim and least cost distributed hydro power in the long term,” Nupiri said.
“We are in the process of rebuilding our existing hydro power plants and the transmission and distribution system.
“Our owner’s representative, Kumul Consolidated Holding Ltd (KCHL) and major bank (BSP) have acknowledged the improvement in financial accountability and performance under my board’s oversight, with Deloitte commissioned to oversee the correction of our financial statements and balance sheet.”
Nupiri expressed disappointment over personal attacks on Blacklock and said she acted in the best interests of PNG Power – in terms of commercial outcomes, customer experience and staff alignment.
“Let me also assure everyone that Blacklock has a legitimate employment contract with PNG Power and her role and authority has the full backing of the PNG Power Board,” he said.
“Blacklock is not required to have a work permit because she is a permanent resident of PNG and she is here to stay.
“My board have every confidence in Blacklock, her executive team and all our hardworking staff.
“ Together, we will endeavour to turn the company around.”