Posts

LR Groups plans to take over PNG Power

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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

LR Groups plans to take over PNG Power

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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

Parakagate will be swept under the carpet

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By KOI KOI DIKADAKA Ok I got home last night and headed straigh to the"patapata" under the Okari Tree and stretched out on the wooden planks, closed my eyes for a bit and enjoyed the cool evening wind brushing gently against my face. It was a welcoming rest after slaving 11 hours for a Chinese merchant for meager earinings. I was glad to be home around familiar surroundings and the two women in my life. Hearing their voices in the background was absolutely heavenly. That patapata and those wooden planks felt like soft cushioned silky linens on a Kingsize waterbed in a five star luxury hotel master suit. I felt like a king. It is around 7.30pm and I could hear the dogs barking, but ignored them completely thinking that the bitches were only on a heat and were barking at potential suitors. Instead I heard the rattle on the gate, and heard familiar voice of Milo Bytow, ringing out calling my name. I had completely forgetten that we had made plans previously to meet and talk abou

Corruption at the highest level

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By JOHN ENDEMONGO KUA Anyone remember a guy called Stanley Haru? Yes, a rugby league star who was former captain of Kumuls, who holds a bachelor of Arts Degree from UPNG, worked as a town planner with the Department of Lands and Physical Planning for a short time before he joined he joined the National Capital District Commission and schemed his way up with his wantok the late Sir William Skate as Governor of NCD when he became Deputy City Manager in charge of Corporate Services dealing with millions of tax payers money. He like boys in those days loved the life in the fast lane with flashy sports cars, decked in jewelry including gold watches, levi jeans and sun glasses just like their idols in hollywood, complimented by the company of pretty girls. In 1996 he led a coup against the patrons of the Kone Tigers Rugby Football Club, using his weight as the Deputy City Manager and changed the management using brutal force by evicting the management and executives led by the l

Corruption at the highest level

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By JOHN ENDEMONGO KUA Anyone remember a guy called Stanley Haru? Yes, a rugby league star who was former captain of Kumuls, who holds a bachelor of Arts Degree from UPNG, worked as a town planner with the Department of Lands and Physical Planning for a short time before he joined he joined the National Capital District Commission and schemed his way up with his wantok the late Sir William Skate as Governor of NCD when he became Deputy City Manager in charge of Corporate Services dealing with millions of tax payers money. He like boys in those days loved the life in the fast lane with flashy sports cars, decked in jewelry including gold watches, levi jeans and sun glasses just like their idols in hollywood, complimented by the company of pretty girls. In 1996 he led a coup against the patrons of the Kone Tigers Rugby Football Club, using his weight as the Deputy City Manager and changed the management using brutal force by evicting the management and executives

Kina to capitulate or even drop further in the coming months, O'Neill throwing PNG under the bus while enriching himself.

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 PNGBLOGS Staff Writers Now we have another reason behind Don Polye's sacking. The 2013 Final Budget Outcome has just been released. It highlights the economically devastating effects of Prime Minister Peter O'Neill's constant (and often illegal) meddling in the nation's finances and his disregard for due process. No responsible Treasurer could have stayed in the job judging by the figures contained in the Outcome. They have Peter O'Neill's fingerprints all over them, and he is the one who should take the blame. He is ultimately responsible for what has happened in 2013, and he must be held accountable for the looming economic and fiscal disaster. The economy is already showing signs of stress, and the Outlook merely confirms what we all know. The price of basic foods such as bully, tinfish, rice, bread, milk and so on is skyrocketing as the value of the Kina collapses because of Mr O'Neill's mismanagement of the national economy and his gross irresponsi

Kina to capitulate or even drop further in the coming months, O'Neill throwing PNG under the bus while enriching himself.

Image
 PNGBLOGS Staff Writers Now we have another reason behind Don Polye's sacking. The 2013 Final Budget Outcome has just been released. It highlights the economically devastating effects of Prime Minister Peter O'Neill's constant (and often illegal) meddling in the nation's finances and his disregard for due process. No responsible Treasurer could have stayed in the job judging by the figures contained in the Outcome. They have Peter O'Neill's fingerprints all over them, and he is the one who should take the blame. He is ultimately responsible for what has happened in 2013, and he must be held accountable for the looming economic and fiscal disaster. The economy is already showing signs of stress, and the Outlook merely confirms what we all know. The price of basic foods such as bully, tinfish, rice, bread, milk and so on is skyrocketing as the value of the Kina collapses because of Mr O'Neill's mismanagement of the national economy and his

Retrospective and Perspective of Agricultural Development in PNG

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By PETER I. MOOROWER* Major agricultural policies in PNG in the past 20 years including those entailed in the White Paper: Agriculture 1996 – 2000 (National Food Security Policy;  National Agricultural Development Strategy 2002 – 2012, the PNG style’ Green Revolution etc) have not been met with desired results,  probably due to weak governance (institutional and / or political failures) and externalities.  These calls for serious review and redefinition of existing policies, towards mitigating constraint factors and development potentials of this country.  It may be to this effect that the National Agricultural Development Plan (NADP) is introduced with anticipation for successes. While the NADP is commendable, it is neither a panacea nor antidote as the plan has yet to translate intended strategies into realized ones.  Few questions needed to be asked from the outset:  Have the stagnant policies been appropriately reviewed and redefined to be implemented as per the plan?  Is the plan

Retrospective and Perspective of Agricultural Development in PNG

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By PETER I. MOOROWER* Major agricultural policies in PNG in the past 20 years including those entailed in the White Paper: Agriculture 1996 – 2000 (National Food Security Policy;  National Agricultural Development Strategy 2002 – 2012, the PNG style’ Green Revolution etc) have not been met with desired results,  probably due to weak governance (institutional and / or political failures) and externalities.  These calls for serious review and redefinition of existing policies, towards mitigating constraint factors and development potentials of this country.  It may be to this effect that the National Agricultural Development Plan (NADP) is introduced with anticipation for successes. While the NADP is commendable, it is neither a panacea nor antidote as the plan has yet to translate intended strategies into realized ones.  Few questions needed to be asked from the outset:  Have the stagnant policies been appropriately reviewed and redefined to be implemented as per the plan?  Is the pla