How PM O’Neill is getting ready to give PNG Power to the Israelis
By JOHN PASSINGAN Another purpose of the O’Neill-Micah declaration of a State of Emergency in the power sector is to gift-wrap PNG Power Limited for LR Group of Israel, which was secretly behind the Prime Minister’s illegal financial transaction to buy two diesel-powered generators for PPL. The K104 million transaction is the straw that broke the camel’s back for PPL, and sent it into bankruptcy. PPL, like all other SOEs, has been destroyed by the Prime Minister’s cronies and puppets on the boards and management of IPBC and the other State Institutions. They have ripped so much money out of SOEs that not only can they not deliver services, they are now barely able to operate at all. PPL is a case in point, and the fact that the state of emergency is another smokescreen to hide the Prime Minister’s hands is evidenced by the fact that unpaid power bills - especially by other State Owned Enterprises - can be recovered through other means. For example, they can be recovered, as in the