PNG pushed by China on $1.25bn power deal

Papua New Guinea's Prime Minister Peter O'Neill watches a signing ceremony at the Great Hall of the People in Beijing, China July 6, 2016. Picture: REUTERS

PORT MORESBY, (THE AUSTRALIAN) – China is pressuring Papua New Guinea to sign a $1.25 billion (US$907 million) deal for a new 180MW hydro plant ahead of the APEC summit in ­November, amid warnings the project would cripple the Pacific nation’s state-owned electricity company and drive up power ­prices. The Ramu Two power plant, a […]

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