The Asian Development Bank is lending $57.3 million for the construction of new renewable energy facilities, such as transmission lines and a hydropower plant, in Papua New Guinea’s urban areas.
The loan will be given to state-owned power utility PNG Power Ltd. It is expected to help reduce power shortages in various cities around the country. The assistance is part of a larger Town Electrification Investment Program approved by ADB in late 2010 to improve power supply in PNG’s provincial urban centers by replacing expensive diesel-fueled power generation with sustainable renewable energy generation.
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