The Sepik Development Project (SDP)’s approach to engagement with Sepik communities has been validated by the OECD’s Australian National Contact Point (AusNCP), following an exhaustive examination of the Project’s activities. A Follow-Up Statement issued by the AusNCP, reporting on the SDP’s compliance with recommendations issued in 2023, confirmed tha...

The Bougainville Power and Water Corporation Limited (BPWCL) has become one of the first State-Owned Enterprises (SOEs) under the Autonomous Bougainville Government (ABG) to generate revenue from its own commercial operations following the commissioning of the 1-megawatt Buin Solar Power Plant in South Bougainville. Chief Secretary to the ABG and BPWCL...

Papua New Guinea is set to take a major step in turning resource wealth into community development with the installation of a new gas-fired power plant at the LNG facilities in Hela Province. Prime Minister James Marape said the project represents a shift from resource extraction to direct, long-term benefits for local communities. During a site visit ...

A 1-megawatt Buin Solar Farm was officially launched last Friday in Buin Town, marking a major milestone in Bougainville’s renewable energy journey. The project, funded by the Government of Japan and implemented through the United Nations Development Programme (UNDP) in partnership with the Autonomous Bougainville Government (ABG), will deliver clean a...

Papua New Guinea continues to grapple with energy gaps, but hydro power is increasingly being recognised as a key solution to meet the country’s growing electricity demand. Managing Director of PNG Hydro Development Ltd Allan Guo says hydro energy is the way forward and holds the key to unlocking PNG’s green industrial future. He called for more unifie...

Ok Tedi Mining Limited (Ok Tedi) is pleased to announce the signing of a non-binding gas supply term sheet with ArranEnergy, a subsidiary of Trans Wonderland Limited (TWL), to purchase gas from its Stanley Gas Fields in Western Province. This marks a major step toward the company’s plans to achieve its Growth 2050 Energy Transition Strategy and decarbo...

Prime Minister James Marape met with Japan Organisation for Metals and Energy Security (JOGMEC) Chairman and Chief Executive Officer Takahara Ichiro to discuss trade relations and investment opportunities between the two countries. The meeting focused on strengthening bilateral relations, with particular emphasis on trade, natural resources, investment...

Minister for International Trade and Investment Richard Maru has declared his full support for the proposed 90-megawatt Kaugel Hydropower Project in the Southern Highlands Province, calling it a “transformational project of highest national priority.” “The proposed K2.5 billion (USD 625 million) project, which will take four years to construct, has my ...

Prime Minister Hon. James Marape has announced a key Cabinet reshuffle, following the swearing-in of Hon. Peter Isoaimo, Member for Kairuku, as the new Minister for Energy. Minister Isoaimo replaces Kerema MP Hon. Thomas Opa, who has been appointed as Minister for Finance, while outgoing Finance Minister Hon. Miki Kaeok retains his Transport portfolio. Pr...

Prime Minister Hon. James Marape has reaffirmed his government’s commitment to energy reform, economic transformation, and responsible leadership as Papua New Guinea approaches its 50th year of independence. The Prime Minister was speaking at the National Power Sector Forum, jointly hosted by the Government of Papua New Guinea and the Asian Development...

Prime Minister Hon. James Marape has recently (11.12.24) announced his government’s decision to partially privatise PNG Power Ltd amidst Government’s further decision to open up other parts of the country to independent power suppliers. Prime Minister Marape told the PNG CORE Investment Week in Sydney that Cabinet has approved the decision in one of it...

The government has reiterated its ambition to achieve carbon neutrality by 2050, with an interim target of a 50-percent reduction by 2030, at the recent Petroleum and Energy Conference 2024. Recent reports indicate progress, particularly in the agriculture, forestry, and other land use sectors, which have successfully met initial CO2 reduction targets....

This year's Petroleum and Energy Conference (PEC) attracted an impressive 580 delegates from around the world to Papua New Guinea (PNG), which is the highest attendance to date. The Managing Director for Kumul Petroleum Holdings Limited, Mr. Wapu Sonk, expressed optimism for future events, stating: "I look forward to a better and bigger event next year...

The Papua New Guinea (PNG) Minister for International Trade and Investment, Hon. Richard Maru, said PNG is still facing a pressing energy crisis, nearly half a century after gaining independence. Minister Maru underscored the urgency of the country’s energy challenges, stating: “We cannot pretend, we can't keep talking about providing for other countri...

Prime Minister James Marape invited international investors and energy experts to collaborate with Papua New Guinea (PNG) in harnessing its diverse energy resources, including hydro, geothermal, and solar power, during his keynote address at the opening of the 2024 Petroleum and Energy Conference at the Hilton Hotel in Port Moresby. "We offer strong in...

The Papua New Guinea National Energy Authority (PNG NEA) has officially launched its Board Charter and Appeals Panel Guidelines, signifying the establishment of its governance framework. This initiative aims to enhance transparency and accountability within the NEA, ultimately improving the efficiency and fairness of the country's energy sector. The...