The state power utility PNG Power gets this loan to fund energy projects such as run-of-the-river hydropower plant and transmission systems in urban centers in PNG.
ADB officer-in-charge of Papua New Guinea Resident Mission Allan Lee said that as PNG’s energy demands grow, ADB in partnership with PNG Power will improve access to energy by increasing the number of renewable energy facilities.
The ADB loan is part of a broader Town Electrification Investment Program, which aims to improve power supply in provincial urban centers by replacing expensive diesel power generation with sustainable renewable energy generation.
