Dirio, PNG’s first Independent Power Producer (IPP), first commenced the sale of electricity to PPL under a long-term Power Purchase Agreement (PPA), in November 2021 to power its Port Moresby grid.
The firm says PPL now owes more than K180 million, and they have issued the notice of default under the PPA as there has reportedly been no engagement from PNG Power on how they intend to repay the amount.
