With the National Government trying to lower electricity tariffs in the country, PNG Power Limited (PPL) has opened up venues for foreign investors to engage in power grids across the country in order to increase demand in supplying electricity.
PPL’s Chief Executive Officer, John Tangit, says PPL will now operate as a business arm to generate revenue to help maintain the tariff.
He says this will give customers a better rate in paying electricity bills.
The power giant has been operating with the mammoth task of supplying constant electricity throughout Papua New Guinea.
However, PPL operations have faced hiccups over the years.
Mr. Tangit says the decrease in tariff now requires PPL to commercialize its internal operation.
This means PPL wants more independent power producers from abroad to invest in PNG
He says current customer volume is limited however all stakeholders will work in partnership and provide a reliable supply of electricity to consumers.
Mr Tangit concluded that the task of PPL now is to create traffic for investors and boost the power sector.
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