The National, Thursday 9th May 2013
PNG Power Ltd says the current power disruptions and blackouts are caused by the aging machinery and negative spin reserve.
Acting chief executive officer John Tangit said on Tuesday that PPL would be moving quickly to provide an additional 30 megawatts in Port Moresby within 90 days.
“Similar power spin reserves shall be applied in Lae, Mt Hagen and across the country, taking into consideration the growth factor till 2017.
“For increased productivity of power in Port Moresby and across the nation, PNG Power Limited will explore all possible means such as the private public investment or built operate transfer (BOT) methods.
“Produce power with utmost efficiency and streamline the process of BOT for expediting the executions in the best interest of PNG and PPL,” Tangit said.
Meanwhile, PPL also announced a recent increase of 5.5% in the electricity tariff effective from Monday due to high cost of doing business.
With the signing of the $66.7 million loan agreement between PNG and the Asian Development Bank, PPL hopes to upscale and improve the electricity supply in Port Moresby and other main centres.