PNG Power

What PNG Power does

PNG Power Limited is the fully integrated state-owned power authority of Papua New Guinea, corporatized in 2002 under the Electricity Commission (Privatisation) Act 2002 as successor to the Papua New Guinea Electricity Commission (ELCOM) and wholly owned by the State through Kumul Consolidated Holdings. The company holds exclusive statutory responsibility for generation, transmission, distribution, and retailing of electricity across all 22 provinces of Papua New Guinea, operating 580 MW of installed capacity (hydroelectric at Yonki, Ramu, Rouna, Sirinumu, Edevu, Divune; thermal diesel/gas; and emerging solar) connected through a 4,100 km national grid with 132 kV, 66 kV, and 22 kV systems and 36 service centres nationwide.

Operationally, PNG Power serves over 200,000 customers across domestic, commercial, industrial, and government segments, with the proprietary Easipay prepaid metering system distributing electricity tokens through seven integrated payment channels (BMobile USSD, Digicel CellMoni, BSP, Kina Bank, Credit Bank PNG, TISA Bank, and retail agents). The National Grid Intelligence Platform (NGIP) provides real-time SCADA-integrated outage and project visibility, and the company performs quasi-regulatory functions for the Independent Consumer and Competition Commission (ICCC), including licensing electrical contractors and certifying equipment.

Revenue is generated through regulated electricity tariffs plus prepaid token sales, with major capital projects financed through concessional loans and grants from a multilateral development finance ecosystem comprising the World Bank (EUPRIP), JICA, Asian Development Bank, European Union, AFD, DFAT/MFAT, AIFFP, and the Export-Import Bank of China. The current capital program is anchored by a transformative 189 km 132 kV Highlands Transmission Line commissioned November 2025, a distributed solar+BESS rollout (Aitape, Buka, Kimbe, Kavieng, Wewak, Yalu), and the Caution Bay to Kanudi 66 kV transmission corridor, all targeting diesel displacement, rural electrification, and grid reliability.

Name

PNG Power

Legal name

PNG Power Limited

Website

https://pngpower.com.pg

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

101–250 employees

Short description

PNG Power Limited is Papua New Guinea's fully integrated state-owned electricity utility, exclusively generating, transmitting, distributing, and retailing power through 580 MW of capacity and a 4,100 km grid to 200,000+ customers across all 22 provinces.

Ownership category

akta.pro rank

Product category

Electricity Utility

NAICS

Electric Power Generation, Transmission and Distribution (2211), Hydroelectric Power Generation (221111), Solar Electric Power Generation (221114), Electric Power Generation (22111), Electric Bulk Power Transmission and Control (221121)

SIC

Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Hydropower Operations, Maintenance & Asset Management (O&M, Spares, Performance) (EUAMADAE)

akta.pro secondary industries

Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA), Utility-Scale Generator PPAs (Project Offtake) (EUAGADAB), Utility-Scale Power Generation Asset Management (EUAEAMAA)

Keywords

• Electricity generation
• Power transmission
• Electricity distribution
• Prepaid metering
• Renewable energy

Headquarters

HQ city

Lae

HQ country

Papua New Guinea

HQ region

Oceania

Offices15 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Electricity Sales - Generation, Transmission, Distribution & Retailing: PNG Power generates revenue through the sale of electricity to industrial, commercial, government, and domestic customers across Papua New Guinea. As the fully integrated state-owned power authority, the company operates generation assets (hydroelectric, thermal, solar), transmits power through its national grid, distributes electricity, and retails directly to over 200k customers. Revenue is derived from electricity consumption charges based on regulated tariffs approved by the ICCC.
2. Easipay Prepaid Electricity Tokens: Prepaid electricity system where customers purchase electricity tokens (minimum K15 per transaction) via mobile phone USSD, banking apps, or retail agents. Tokens are 16-20 digit numbers entered into prepaid meters to load electricity credit. Transaction fees apply based on purchase amount (K1.00-K20.00 depending on tier).
3. Regulatory Services (ICCC Functions): PNG Power performs regulatory functions on behalf of the Independent Consumer and Competition Commission (ICCC), including approving electrical contractor licences, certifying electrical equipment and appliances, and providing safety advisory services. These functions generate licensing and certification fees.
4. Procurement Services: PNG Power generates revenue through tender-based procurement processes where suppliers and contractors pay fees or provide services under competitive tendering for infrastructure projects, equipment supply, and construction services.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

PNG Power Limited operates as Papua New Guinea's fully integrated state-owned power authority, generating, transmitting, distributing, and retailing electricity to over 200,000 customers across all 22 provinces. The company operates 580 MW of installed capacity across hydroelectric, thermal, and solar assets, supported by a 4,100 km national grid network and the Easipay prepaid metering system for customer electricity purchases.

Product overview

PNG Power Limited is Papua New Guinea's fully integrated state-owned power authority responsible for generation, transmission, distribution, and retailing of electricity throughout the country. The company operates a diverse portfolio including hydroelectric and solar generation assets, with a national grid network spanning over 4,100 km. Its core customer-facing product is the EasiPay Prepaid Power system - a prepaid electricity metering solution enabling customers to purchase electricity tokens via mobile phones and banking channels. The infrastructure portfolio includes multiple solar projects (Yalu, Buka, Kavieng, Kimbe, Wewak, Aitape, Ulagunan), major transmission projects (132kV Highlands Line, Caution Bay to Kanudi), and modernization programs (AFD-EU Energy Program, EUPRIP) aimed at expanding renewable energy capacity and grid reliability across PNG's 22 provinces.

Differentiator

Problem solved

Functional benefit

Brands

• Easipay: PNG Power's prepaid electricity metering system allowing customers to purchase electricity tokens via mobile phone, banking apps, or retail agents.

Products and services

• Easipay Prepaid Power PNG Power's prepaid electricity metering system that allows customers to purchase electricity tokens via mobile phone (BMobile USSD *775#, Digicel CellMoni), banking apps (BSP SMS and Online Banking, Credit Bank PNG, TISA Bank, Kina Bank), or retail agents and enter them into their prepaid meter. Features meter indicator lights (green/amber/red) to show credit status, with a minimum K15 purchase per transaction.
• Yalu Solar Project PNG Power's first utility-scale 10 MW solar PV facility with integrated Battery Energy Storage System (BESS) located at Yalu, Morobe Province on PPL-owned land, featuring SCADA remote monitoring and preventive maintenance capabilities. The project is funded through a multi-stakeholder partnership including Australian Government (AIFFP), Bismarck Energy Limited (BEL), and PNG EPCM Limited, expected to generate 15,000-18,000 MWh annually.
• Buka Solar Project 2 MWp solar photovoltaic system with 2.4 MWh Battery Energy Storage System (BESS) for the Buka power station in the Autonomous Region of Bougainville, targeting 50% reduction in diesel dependency and improved generation reliability.
• Kimbe Solar Project 2.8 MW solar photovoltaic system with 1.8 MWh Battery Energy Storage System (BESS) for the Kimbe power station in West New Britain Province, targeting 50% reduction in fuel dependency and improved generation reliability.
• Kavieng Solar Project 3 MW solar photovoltaic system with Battery Energy Storage System (BESS) for the Kavieng power station in New Ireland Province, targeting 50% reduction in diesel dependency and enhanced generation reliability.
• Wewak Solar Project 5 MW solar photovoltaic system with Battery Energy Storage System (BESS) for the Wewak power station in East Sepik Province, one of the largest solar installations in the region, targeting 50% reduction in diesel dependency.
• Aitape Solar Project 774 kWp solar generation system at the Aitape power station in Sandaun Province (West Sepik), a completed hybrid solar-diesel system reducing diesel dependency for the province.
• Ulagunan Solar Farm Large-scale solar farm adjacent to the existing Ulagunan Power Station in Kokopo, East New Britain Province, designed to diversify the region's energy mix and reduce diesel reliance.
• 132kV Highlands Transmission Line 189-kilometre high-voltage 132kV transmission corridor from Keltiga (Mt Hagen) to Wabia (Tari) with 448 towers and 8 new substations, part of a 460 km national grid backbone linking Tari-Mt Hagen-Yonki (Ramu) and replacing the aging 66kV system.
• Caution Bay to Kanudi Transmission Project 66 kV transmission line from Dirio Switchyard to Kanudi with new Motukea Substation, enabling efficient evacuation of gas-fired generation from Dirio power plant to the Port Moresby grid.
• Energy Utility Performance & Reliability Improvement Project (EUPRIP) Comprehensive infrastructure modernization program in Lae and Port Moresby including medium voltage upgrades, new transformers, and Management Information System integration, financed through a World Bank loan.
• AFD-EU Energy Program International partnership program between PNG Power, Agence Francaise de Developpement (AFD), and the European Union for modernizing power infrastructure across Papua New Guinea, including reliability improvements, grid modernization, and capacity building.
• Regulatory Services (ICCC Functions) PNG Power performs regulatory functions on behalf of the Independent Consumer and Competition Commission (ICCC), including approving electrical contractor licences, certifying electrical equipment and appliances, and providing safety advisory services for major installations.

Quantifiable outcome

• 5 million people in Highlands region receiving improved power reliability through 132kV transmission line
• +4 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature4 records

Partnerships

Four partnerships are on record, tiered minor, major and core.

• City Pharmacy Wellness ClinicminorOthers · 1 May 2026Corporate wellness partnership providing on-site health screening clinics for PNG Power staff. Initiative part of City Pharmacy's corporate obligation to insured clients under New Guinea Assurance Group Limited (NAGL). Services include eye screenings, blood pressure monitoring, and prescription processing through Vision City facility.
• Bismarck Energy Limited (BEL)majorTechnology or Integration · 1 February 2026BEL is a partner in the Yalu Solar Project, PNG Power's first utility-scale solar PV facility. BEL contributes to the multi-stakeholder project alongside PNG Power, PNG EPCM Limited, and Australian Government (AIFFP).
• PNG EPCM LimitedmajorImplementation/ SI/ Consulting Partner · 1 February 2026Engineering, Procurement, and Construction Management partner for Yalu Solar Project. Collaborates with PNG Power and Bismarck Energy Limited on this landmark utility-scale solar development.
• Global Green Growth Institute (GGGI)coreStrategic or Co-development Partner · 6 December 2025Three-year MOU signed December 2025 for green energy development in Papua New Guinea. Partnership focuses on climate-resilient infrastructure and sustainable investments. Includes feasibility studies, project design, climate finance mobilization, and capacity building to enhance PNG's energy sector. Initial feasibility in Kokopo, East New Britain Province for solar farm development. Nationwide solar rollout planned.

Scale indicators14 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Contact Energy: New Zealand-listed geothermal and hydro generator/retailer. Provides a benchmark for hydro-anchored, mixed renewable generation and customer-facing retail operations, broader scale than PNG Power but adjacent.
• Meridian Energy: New Zealand's largest renewable electricity generator (hydro, wind, geothermal), majority state-owned. Relevant as a much larger hydro-heavy, state-linked Pacific utility benchmark for renewable baseload economics.
• Electricity of Vietnam (EVN): Vietnamese state-owned vertically integrated utility with large hydro and thermal fleet. Relevant as a state-owned emerging-market utility operator with hydropower anchor and rapid electrification expansion.
• PT PLN (Perusahaan Listrik Negara): Indonesian state-owned vertically integrated electricity utility — the largest utility in Southeast Asia. Comparable model (state-owned integrated generation/transmission/distribution/retail) and signals opportunity for PNG Power to scale similarly across the Pacific.

Others

• Aggreko plc: Global provider of temporary and modular power solutions, including diesel and solar+BESS for remote/island grids. Adjacent comparator for PNG Power's remote province diesel-to-solar transition projects.

Direct peers

• Solomon Islands Electricity Authority (SIEA): State-owned vertically integrated utility serving the Solomon Islands. Similar to PNG Power as a small Pacific island monopoly with diesel-heavy generation, donor-funded grid projects, and renewable transition initiatives.
• Tonga Power Limited: State-owned integrated electricity utility for Tonga, with diesel and solar generation across multiple islands. Comparable small-island monopoly model with donor-funded solar+BESS rollouts.
• Energy Fiji Limited: Vertically integrated state-owned power authority for Fiji, generating, transmitting, distributing, and retailing electricity across the main islands. Highly comparable as a Pacific island monopoly utility with hydro/thermal mix and donor-funded renewable expansion.

Regional players

• Samoa Electric Power Corporation (EPC): State-owned electricity utility for Samoa, focused on generation and distribution with hydropower and diesel assets. Comparable Pacific island vertically integrated operator pursuing renewables.
• Vanuatu Utilities and Infrastructure Limited (VUI): Pacific state-linked utility holding electricity concessions in Vanuatu. Comparable regional, donor-financed electricity operator with diesel and emerging solar generation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/pngpowerltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PNG Power