Dirio monopoly power deal a threat to competition and renewable energy

Plans by the Government to give Mineral Resources Development Corporation monopoly control of gas-fired power generation is an unfair arrangement that in effect will lock out other Papua New Guineans from developing their own energy resources for decades to come. “The grant of such undesirable market power would severely inhibit competition in electricity generation, and the use of alternatives to gas, such as cheaper and cleaner renewable energy from wind, solar, geothermal and hydro,” the Member for Moresby North-West, Sir Mekere Morauta, said today. “The Government should abandon its plan to give decades-long monopoly rights over Domestic Market Obligation gas for power generation to MRDC

Something fishy about MRDC-Dirio deal with foreign companies

The Member for Moresby North-West, Sir Mekere Morauta, said today that arrangements between two foreign consultancies and Mineral Resources Development Corporation to build power plants might be undermining the national interest and treating PNG landowners as fronts to ship out millions of kina. “Under the arrangements that I have been made aware of, the interests of foreign companies seem to have been given preference over a cheap and reliable national power supply and financial returns to the PNG LNG landowner groups who have invested in MRDC’s power-generation plans,” he said. “It is likely that the two foreign-owned companies involved, Pacific Energy Consulting Ltd and Twenty20 Ltd, will

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