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Infrastructure

Hotel investments transforming Port Moresby into regional conference venue

21 Sep 2016 by 4 Comments
By the time of the APEC Summit in 2018, Port Moresby could have as many as 2590 high-end hotel rooms, and conference capacity for many thousands. Hoteliers tell Business Advantage PNG that the increase in scale and quality means the capital could become a world-class regional conference venue.
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Papua New Guinea could attract big cash for infrastructure, says Pascoe

27 Apr 2016 by 4 Comments
In an environment of plummeting interest rates, long term infrastructure investment is a sound option for both investors and governments. Financial and business commentator Michael Pascoe, speaking in Port Moresby last week, noted that the difficult global financial environment throws up opportunities for countries like Papua New Guinea.
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AES preparing for the next economic upturn

20 Apr 2016 by Leave a Comment
The downturn in the Papua New Guinea economy has presented challenges for Avenell Engineering Systems (AES). But Managing Director Dominic Avenell tells Business Advantage PNG that the company has adapted well. AES is, he says, strengthening its capabilities and preparing for the next upturn.
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PNG Ports accelerates Lae Industrial Park build, as Stage 2 of port commences

10 Feb 2016 by Leave a Comment
Work on Lae's Huon Industrial Park has been accelerated while stage two of the Lae Port development is on track to start by mid-2016, says Stanley Alphonse, the CEO of PNG Ports Corporation.
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Power outages in Papua New Guinea’s three main grids the result of inadequate maintenance, not installed capacity: review

13 Jan 2016 by 4 Comments
An analysis of Papua New Guinea's three main power grids has revealed that inadequate maintenance of plants and the transmission lines is the primary cause of frequent power outages, according to a review conducting by London-based consultants, Economic Consulting Associates. The review also comes with some recommendations.
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Ramu 2 hydropower one of five renewable power projects to boost Papua New Guinea power generation

17 Dec 2015 by 1 Comment
The Ramu 2 Hydro Power Project is expected to increase total electricity generation capacity in Papua New Guinea by 36%, according to the Managing Director of Kumul Consolidated Holdings, Garry Hersey. It's one of five new energy projects launched recently.
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