Business News

PNG Power not ready for privatization

PNG is not ready for privatization. Former PNG Pawa board member Noel Mobiha said the sale of half of PPL’s assets to an Israeli company – LR Group is a big mistake. He said if not dealt with properly will have severe effects on the current staff and the country as a whole.

Mr. Mobiha said the government and the board of PPL need to seriously assess the deal as it is very crucial not only for the company and its current employees but the landowners involved and the country’s economic benefit as well.

He said there are 2 power generation methods; the use of diesel and water. The water source is the most crucial currently for PNG Pawa , as it is cheap, available, reliable, safe and affordable throughout the country, said Mobiha.

He added that there is not much the new company – LR Group is going to do as PPL is already carrying out all the necessary and vital functions and roles.

Mr. Mobiha expressed grave concern that as to why this arrangement is being made at the eve of election with a new government to be installed.

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