NEA TO ESTABLISH NEW OFFICE COMPLEX
by Paul Oeka - December 15, 2022
Photo credit: NEA
The National Energy Authority (NEA) will soon establish a new office complex following their groundbreaking ceremony in Port Moresby last Friday. The new office complex will be built at the cost of K150 million through a partnership between the National Energy Authority and the Australia New Guinea Services.
Present to officiate the groundbreaking ceremony was the Secretary the Department of National Planning and Monitoring, Koni Samuel and NEA's Managing Director, Ronald Maketa.
Last Friday staff of the National Energy Authority gathered at the old energy office space at Gordon's to witness the groundbreaking ceremony of the new NEA 22 floor office complex. The K120 million project is expected to commence construction phase next year.
National Energy Authority Managing Director, Ronald Maketa said "while energy is the backbone of for any organization in the country it has been overlooked throughout the years by progressive Governments but now it is starting to regain momentum and is positively progressing".
National Planning and Monitoring Secretary, Koni Samuel who officiated at the event said that he is pleased to see NEA partnering with the private sector to deliver and realise the huge potential of the energy industry in Papua New Guinea.
The NEA is taking the lead in building its own office complex following the National Governments intention to build its own office spaces to cut Government expenses after recent issues concerning millions of kina paid to rentals by the Government.
PNG Business News - September 26, 2022
National Energy Authority to be fully operational by 2025
Photo credit: Ronald Meketa LinkedIn Page The National Energy Authority has been in the transition for the last two years and is set to be fully operational by 2025. The NEA is planning to conduct its consultation workshop with intergovernmental agencies to guarantee they are fully functioning in three years, according to interim managing director Ronald Meketa. He stated that the tiny power system and having the appropriate policies in place will now be the NEA's main priorities. “We want to have PNG Power Ltd to be more focused on the main key grids that are a revenue-generating business for them, including Port Moresby, Highlands (Ramu Grid), and Gazelle in East New Britain,” he said. “We already have the key draft policy in place. “We should be running the consultative workshop with intergovernmental agencies to make sure we are operational in three years’ time. “We want to open up the small power system in small centres so the free independent power producers investors who are interested can come in. “We can open up the market for competition in that space and that will be embedded in some of the reviews we are doing.” Given that more power system businesses are operating within the 10km zone, Mr. Maketa stated that they would also be looking at the definition of a 10km main grid from the off-grid location. “We will look at how we can improve in that space and open up opportunities as there is a need to address the reliability issues that we have,” he said. Mr. Maketa acknowledged that there is still more to be done to advance the industry. “We should have the small power system regulation up and running by year-end, hopefully in the next energy session will have good answers for everyone,” he said. Given the dire circumstances the nation is in, he said it is critical that various energy sources invest in infrastructure. “We can have the independent power producers and allow competition in that space so that it gives ample time for PNG to look at its transformation strategies and to participate meaningfully in the transitional and to go into gas power,” he said.He claimed that the National Electricity Administration (NE as the National Development Bank, the World Bank, and others. Reference: Wohi, Lorraine. Post-Courier (22 September 2022). “National Energy Autority To Be Operational By 2025”.
PNG Business News - November 21, 2022
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PNG Business News - May 04, 2021
Australia Supports Electrification for PNG
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Paul Oeka - March 27, 2023
Papua LNG project to Minimise Economic Challenges
Photo: Petroleum Minister Kerenga Kua Petroleum Minister Kerenga Kua has recently stated that the Papua LNG project is critical in addressing some of the economic challenges that are currently faced in the country. He said about K75 billion will be generated over a 15 year period when the project is in progress. He added that the initial stages of the project has commenced with K500 million said to be inputted into PNGs foreign exchange capacity in 2023. During a press conference on Thursday the 9th of March, The Petroleum minister highlighted the progressive stages of the Papua LNG project and emphasized the importance and significance of the benefits that the project will provide. According to studies the project life is expected to operate over a 15 year period that will generate about K75 billion and significantly boost Papua New Guinea's struggling economy. "The K75 billion benefit is inclusive of what comes to the state directly as levies, to Kumul Petroleum, to the landowners as royalties and the provincial governments. All of us put together are going to be collecting and sharing that benefit in the next 15 to 20 years", Kua said. Minister Kua said that studies for the Papua LNG project began in 2004 following the discovery by Interoil, the resource estimate is in the range of 6 trillion cubic feet of gas and 98 to 100 million barrels of condensive oil. The benefit of this project is immense and a positive component is the national content which is expected to positively impact GDP, export earnings, forex, revenue to impacted levels of government, landowner benefits and Job opportunities. Minister Kua said the project developer Total Energies will inject K500 million into the PNG economy in 2023. "The Papua LNG project is a project of national significance for Papua New Guinea and will stimulate business confidence and will provide a significant impetus for our economy", "The Marape-Rosso government places high priority on the delivery of the Papua LNG project, we have an improved deal for our people, and improved contribution for our national contractors and workforce. The government strongly supports the Papua LNG project and encourages all stakeholders including project partners to work diligently to deliver the project on time and on budget", Minister Kua said. Petroleum Secretary David Manau was also present at the conference, he highlighted that the petroleum department will work closely with impacted provincial governments and landowners as this is important in ensuring that all stakeholder grievances are discussed and addressed. In light of this, a development forum is expected in the third quarter of this year. Meanwhile, Kua also revealed a unique aspect of the upcoming project which will mitigate the project's carbon footprint and is set to make PNG in becoming the first country in the Asia Pacific region and only the second on the world to re-inject carbon dioxide back into the well pad in a LNG project. He said the re-inspection of carbon dioxide into the well pad is a significant step towards reducing the project's carbon footprint and will help mitigate the environmental impact of the project and contribute to Papua New Guinea's efforts to combat climate change. The Papua LNG project is a joint venture between the PNG government, TotalEnergies and Exxon Mobil. It is one of the largest investments in the country's history and is expected to generate significant revenue for PNG's economy. Total Energies holds 40.1 percent interest in Papua LNG, along with its joint venture partners Exxon Mobil (37.1 percent) and Santos(22.8 percent). The Papua New Guinea government may exercise a back-in right of up to 22.5 percent interest at the Final Investment Decision (FDI) planned by end of 2023 to early 2024 and production will be scheduled for four years later.
PNG Business News - March 27, 2023
WanPNG: The Skills Development and Jobs Platform for the People of Papua New Guinea
Wan PNG is a platform and community dedicated to expanding opportunities for local Papua New Guineans. Its goal is to increase the development and sustainable employment of local PNG talent, so everyone in our great nation can share in newfound resources and growing prosperity. With the goal of empowering individuals and businesses with the skills and people they need to succeed in the 21st century world, the Wan PNG platform spans three core areas for job seekers: Employment opportunities: Gain experience with internships, start earning with entry positions, or upgrade your career with the next big job. Career advice: Advance your career with expert advice and professional resources, and stay up-to-date on the latest news. Education and training: Expand your employment prospects by upgrading your knowledge, skills, and competencies through courses. For employers it provides: Free access to upload jobs and find the best talent. Smart matching between jobs and candidates. Diversity promoting candidate suggestions reaching a wide pool of talent. The platform's primary objective is to promote lifelong learning and employment and simultaneously bridge the skills gap in Papua New Guinea by providing accessible training opportunities to all its citizens. WanPNG believes that by investing in the development of its people, Papua New Guinea can unlock its full potential and become a more prosperous nation. WanPNG is now available for job seekers and employers. Visit the website now at www.wanpng.com to learn more.
PNG Business News - March 27, 2023
St John Ambulance First Aid Training for Workplace
The St John ambulance service responded to over 21,000 emergencies across Papua New Guinea in 2022. In addition to being Papua New Guinea’s main emergency ambulance service, St John is the nation’s leading first aid training provider equipping thousands of workers with essential first aid skills and knowledge. With just one day of training, St John’s expert first aid trainers can equip your workers with the basic skills to handle all kinds of first aid emergencies. Workplace accidents and injuries are a common occurrence and it is essential for employers to have a competent workforce that can respond effectively to emergencies. St John’s workplace first aid courses ensure your workforce is equipped with the first aid training to assist a sick or injured person. It also helps organizations comply with legal requirements, reduce workplace injuries and fatalities and promote a culture of safety and preparedness. The Papua New Guinea St John Ambulance provides training routinely in Port Moresby and Lae, and can facilitate training at any location in PNG, which makes it easy for workers to gain or maintain their first aid qualifications. St John’s first aid trainers come from a variety of backgrounds, enabling them to contribute real-life experiences to the training environment. Each course, based on St John Ambulance Australia’s training resources, goesthrough rigorous appraisal by training and health specialists including St John’s Papua New Guinea’s medical expert advisory panel - made up of some of the industry’s leading physicians and health professionals, who ultimately endorse the clinical training content components of the first aid courses. St John CEO Matt Cannon said, “this rigorous appraisal process gives clients the confidence of St John’s commitment to delivering the highest quality in training content and delivery in Papua New Guinea.” Workplace first aid courses cover a broad range of topics, including basic life support, wound care, bandaging, splinting, CPR and using an AED. Participants learn how to identify and manage different medical emergencies such as heart attacks, strokes, burns, fractures, and poisoning. Each training program is designed to be flexible and can be delivered on-site or at one of our training centres. If you want to ensure that your workplace is prepared to respond to emergencies, contact St John today to learn more about our workplace first aid training.