• PNG Business News

Govt Launches Energy Policy

Updated: Aug 24

The Department of Petroleum and Energy launched the Papua New Guinea National Energy Policy 2017-2027 in Port Moresby, yesterday.

According to Minister for Petroleum and Energy Kerenga Kua, there are many challenges facing the energy sector.

However, he said, in the present and near future he foresees three main challenges that arise from the new NEP that is;

  1. The removal of the present fragmentation in the regulation and implementation process of government in the Energy sector.

  2. Immediate resourcing of national energy authority with appropriate skill manpower to work with relevant entities of government, donor partners and donor agencies in achieving their project objectives to realise the new household electricity access target of 70 per cent by the year 2025.

  3. Establishment of coordinating process between PNG state entities especially national planning and monitoring, PNG Power Limited and national energy authority to materialise PNG electrification vision of the Marape government by using yellow project grid extension modelling, on grid and non grid electricity generating facilities through conducting of feasibility studies by professional entities to identify the economic viability of the use of this natural energy generation throughout PNG.

“In regards to domestic market obligation, it is intended to be proposed to the Prime Minister and the National Executive Council (NEC) that the new NEC will receive all DMO allocations of petroleum in this country and disseminate it to power and petroleum chemical producers ensuring the production of cheap electricity and petroleum chemical products,” said Mr Kua.

He said the primary reason for negotiating and asking for provisioning of domestic market obligation is to be able to provide cheap electricity and cheap petrol chemical products including fertilisers.

“This policy will be the guide for us uncovering all our plans and strategies in achieving our aim and goal as a ministry responsible for the petroleum and energy sector.”

Minister for National Planning and Monitoring Sam Basil, while thanking and appreciating the staff and management from the Department of Petroleum and Energy acknowledge the minister Kerenga Kua for ensuring that this policy is officially launched and making it a reality.

Mr Basil said it is necessary that the national energy policy is approved and launch today.

“Energy is important to propel and boost the economic and social development of Papua New Guinea,” he said.

Source: https://postcourier.com.pg/govt-launches-energy-policy/

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