Photo: From left: USAID Pacific Islands biodiversity, energy and gender programme specialist Julie Hulama, USAID energy policy specialist from its Philippines mission Leonila Gutierrez, IPA managing director Clarence Hoot, USAID-PEP deputy chief of party Steven Warnock, USAID-PEP senior PPP and financing adviser Julinette Baying, USAID-PEP senior legal and regulatory adviser Dr Billy Manoka and USAID-PEP PPP specialist Nestalyn Krewanty during the energy sector investor guide’s launching in Port Moresby last week. Credit: The National
To promote private investments in Papua New Guinea's energy industry, the US government, through the US Agency for International Development (USAID), published an investor guide for the sector.
The handbook was released in Port Moresby by USAID and the Investment Promotion Authority (IPA) in conjunction with the USAID-PNG Electrification Partnership (PEP) Activity.
The handbook offers prospective investors step-by-step instructions for the creation and execution of energy projects as well as an overview of the country's economy, political environment, regulatory framework, investment climate, and energy sector dynamics.
It contains information on energy projects as well as a checklist of demands from pertinent government entities.
“This is the first energy-specific sector guide for PNG, and USAID-PEP is pleased to be in partnership with IPA in this collaboration,” USAID-PEP senior PPP and project finance adviser Julinette Bayking said. “It serves as an information tool for investors to follow for development and implementation of energy projects.”
Leonila Gutierrez, a USAID energy policy specialist from the Philippines mission, and IPA managing director Clarence Hoot were also there to witness the launch.
As seen by the collaboration on this guide, Gutierrez stated that USAID looked forward to working with IPA in building partnerships as a strategy to help the government enhance electrification throughout PNG.
Reference: The National (10 October 2022). “US agency launches guide for energy investors.”