Company to set up office in PNG: Official

 PERNIX Group, a global firm specialising in power generation, construction and infrastructure development, is set to establish operations in Papua New Guinea in next two months, a company official says.

Business development and marketing director Nirmal Singh said ongoing government reforms in trade and investment sector as well as overall investment and business climate in PNG had encouraged the company to pursue opportunities that would be beneficial to both Pernix and people of Papua New Guinea.  

He said the support from Government and relevant statutory bodies had been very encouraging. 

Singh will be in PNG next week to talk to government, private sector and investment authority officials to pave way for the establishment of Pernix PNG. He will hold discussions with potential strategic partners to explore possibility of a joint venture. 

Pernix operated and maintained two separate diesel-fired power generation plants in Fiji and sells electrical energy produced on a wholesale level at a contractually determined rate without risk of fuel price fluctuations. 

It operates the power grid in Espiritu Santo, Vanuatu.