The EUPRIP will help PPL become financially sustainable and catalyse private investments in the energy sector. Credit: hpgruesen / Pixabay.

The World Bank has approved a project by Papua New Guinea-based energy company PNG Power (PPL) to support improvements to the company’s operational and financial performance.

Set to be implemented over the next five years, the PNG Energy Utility Performance and Reliability Improvement Project (EUPRIP) will help establish a strong foundation for PPL to become financially sustainable and catalyse private investments in the energy sector.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Under the PGK105m ($30m) project, infrastructure located on the Port Moresby, Ramu and Gazelle grids owned and operated by PPL will be reinforced and upgraded.

The EUPRIP will also help in reducing power generation costs and transitioning to renewable energy by preparing and implementing a Least Cost Power Development Plan for the company.

World Bank Papua New Guinea country manager Stefano Mocci said: “Access to reliable, affordable electricity is central to economic development. Businesses, schools, hospitals and clinics, among countless other services in Papua New Guinea, all need reliable, affordable power to keep the country growing.

“This new project builds on the groundwork delivered through the World Bank’s Energy Sector Development Project, which helped prepare the country’s National Electrification Rollout Plan, and geospatial assessments to plan optimal approaches to provide electricity to 70% of the country’s population by 2030.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“We’re proud to be helping ensure more Papua New Guineans can get connected and stay connected to reliable, affordable electricity in the years ahead.”

PPL managing director Flagon Bekker said: “PPL is embarking on major corporate reform initiatives. We look forward to working alongside the World Bank team to put in place critical improvements that will ultimately deliver stronger, more reliable energy for all Papua New Guineans.”