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Friday, 21 December 2018 08:37

U.S. and allies looking to build Papua New Guinea Power Grid at $1.7B

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The U.S. and its key Pacific allies announced plans to build a $1.7 billion electricity grid in Papua New Guinea, in an effort to counter China’s growing influence in the region, reports T&D World.

The leaders of Australia, Japan and New Zealand joined the U.S. in signing the partnership accord, which aims to connect 70% of the population to electricity by 2030, up from current 13%.

The project would also include fiber-optic internet cables and would allow the nation to “participate in the global economy.”

The investment is part of an effort to offer an alternative to China’s Belt-and-Road Initiative in the region.

Source: T&D World

Additional Info

  • Continent: Asia
  • Category: Business