O’Neill And New Lapdog PNG Power Ltd CEO John Tangit Are Misleading People Again

By HENRY EPATA
 
The government who in 2012 saw enough kina along the road again to pass a massive K500 supplemental budget whose money was mostly used to buy votes for O’Neill and Polye, now says they don’t have enough money to keep PNG Power afloat.  This is the same PNG Power that ran perfectly well under government ownership years ago when there were far fewer customers and thus the economy of scale was much worse.  Yet the company functioned.
 
Government flipflopping on whether or not they’ll sell PNG Power (supposedly only 49% or 50% will be privatised) is classic O’Neill.   Not “selling it overnight” is hardly the same as not selling it.  This  government so desperate to overload a utility company that provides an essential service is the same government who was telling us not all that long ago that PNG would be rolling in LNG money soon.  
 
If this government says that they do not have the capacity to run PNG Power Ltd, then how does this government have the capacity to run itself?    If government has no ability to straighten out PNG Power, then it is dysfunctional from top to bottom.   Calling in a relative fly by night Israeli company to run the show as Peter O’Neill and his government keeps hinting they will do, is a sad commentary on our so called sovereignty and independence.   Here we are, nearly 40 years after lowering the Australian flag and its not only the management of PNG Power that is incapable of managing the organisation, but the entire PNG government that is incapable of managing PNG Power!  
 
PNG Power Ltd employees, Peter O’Neill is promising to pay out your entitlements just like the government always promises this stuff just to settle people down and keep them peaceful long enough to complete a dirty deal.   Peter O’Neill is the father of lies he cannot be believed for anything he says.   Where is the entitlement money going to come from?   It already looks like under Peter O’Neill’s financial mismanagement and crazy UBS loans (undoubtedly meant to benefit him personally somehow), this year's national budget has been badly blown out.  The money is already running out, which means more debt and more interest on the debt that must be paid from next year's budget. 
 
Every single solution to the PNG Power Ltd woes that Peter O’Neill offers has the same bottom line:  a huge increase in power bill costs for all of us.   We already know with the BSP case study that once the new charges start, there will be no way to end nor reverse them.   We will find ourselves spending a fortune for our electricity, it will not be reasonably priced.  The writing is on the wall.  The government promises to PNG Power Ltd workers is a scam and any promises that privatising even 49% of PNG Power will keep our power bills stable are lies.

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