LR Groups plans to take over PNG Power
PNGBlogs More on LR Group that may be helpful. see the attachments. Note that in the JV Offer for execution, LR wanted to own all PPL assets, starting with at least 50% of the Special Purpose Vehicle to be created to hold PPL assets and will operate and manage them. Its A take-over of PPL by stealth, and that will be what they still want. Secondly, LR did a report for IPBC in 2011, which analysed the power problems in POM and proposed an investment plan. At no point was it suggested that the solution was new diesel turbines, because everyone knows that they are not cost effective and don't address the core challenges of providing cheap reliable base load from hydro and getting power from turbines to customers without losing too much on the way. The focus was therefore on remedial action to fix up hydro power at Rouna, putting in place a proper maintenance program for generation assets, sorting out the transmission lines and reducing technical losses. Over the longer term the focus