ADB Helps Provide Clean Energy in PNG Towns

The Asian Development Bank has approved a USD120 million multitranche financing facility to help address gaps in the electricity supply in Papua New Guinea’s provincial urban centers. The loan will support the Town Electrification Investment Program, which aims to provide clean and reliable power supply in six provincial centers across the country.

The loan will be provided in two stages. The first tranche will be used to support water power plants in the Northern Province and the Autonomous Region of Bougainville as well as a key transmission line in West New Britain.

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.