Image: By Kate Uvia
PNG Power Ltd needs reforms, according to Kumul Consolidated Holdings (KCH) chairman David Kavanamur, but they must be inclusive.
“We are aware of the challenges the energy sector is facing over the last 20 years.
“We must see a transformation within the current organisation that creates value and promotes recapitalisation,” he added.
“The provision of reliable, competent energy will have positive repercussions on economic and social development, benefiting the welfare of our citizens.”
He stated that the government will continue to assist PNG Power in achieving its goals of providing cheap, accessible, and dependable electricity to PNG's population.
“We support PNG Power’s focus to make energy more reliable, available and sustainable, in line with the Government’s ‘Connect PNG’ policy.
“PNG Power has been vital in encouraging partial privatisation in the power generation space through the support of Independent Power Providers (IPPs).
“We must ensure that these arrangements remain commercially viable to the mutual benefit of all parties.
“We will all benefit from a stronger power sector in the country. PNG Power has to continue working with its PNG Electrification Partnership members, to bed down a 15-year energy sector plan with the newly established National Energy Authority (NEA), as a matter of urgency,” he added.
KCH's five-year strategy, according to Kavanamur, would cooperate with all state-owned companies to achieve government objectives and consumer expectations.
Reference:
The National (30 June 2021). “PNG Power needs inclusive reforms, says Kavanamur”.
