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...
The central goal of the Papua New Guinea (PNG) National Energy Authority (NEA) Corporate Plan 2023-2024 is to promote access to affordable, reliable, and sustainable energy services, which are crucial for economic growth and community prosperity.A key focus is extending electricity access to 70 percent of PNG''s population by 2030 and achieving univers...
PNG Solar Supply - SPIA Enterprises Ltd is lighting-up the remotest corners of Papua New Guinea with sustainable and affordable solar energy solutions.PNG Solar Supply is providing renewable energy solutions across the country. As a subsidiary and the commercial arm of the South Pacific International Academy, all profits from PNG Solar Supply are rein...
The National Energy Authority (NEA) has officially launched its Corporate Plan 2023-2027, marking a significant milestone in Papua New Guinea''s energy sector. The Corporate Plan, launched on 23 August at APEC Haus in Port Moresby, is the first of its kind for the NEA. It outlines the strategic direction and key objectives that will guide the Authority''s e...
The Autonomous Bougainville Government (ABG) has announced the signing of a Memorandum of Understanding (MOU) with Stellae Energy Ltd (Stellae), a UK-based Green Energy Solutions and Assets company.This partnership marks a significant achievement in Bougainville's journey towards energy independence and economic sustainability through the exploration
EDITOR''S NOTE: Ossberger, the German hydro-industry experts, has provided PNG Business News with this feature story that originally came out in Zek Hydro magazine''s May 2024 issue. Ossberger has supplied and installed 19 mini-hydropower turbines throughout PNG, mostly in rural districts, since the 1960s. The company likewise provided the hydropower system...
In the ever-evolving development sectors of sustainable energy, mastering the installation of solar energy systems is both a skill and a necessity. With advancements and innovations occurring at a rapid pace, being informed with developments are crucial for companies in the electrical and solar industry.The Sustainable Energy Industry Association Papu...
The National Energy Authority (NEA) conducted a one day public/stakeholders consultation workshop for the second time at the Holiday Inn ballroom on the 15th of March on the Decentralised Electricity Supply (DES) Policy.This policy will pave the way for the provincial and district administration to develop and participate in the generation, distributi...
The Hides Gas Development Company Ltd (HGDC) recently signed a Memorandum of Understanding (MoU) with GenOffGrid to train and hire tradesmen, engineers, and technical staff in both Papua New Guinea and Australia with the goal of building remote solar power stations a statement, the companies said the agreement will enable them to immediately establ...
The people of Halia and Haku constituencies in North Bougainville can look forward to transformational change following the launch of the Rural Electrification Program today in Buka.The Program was officially launched today by ABG Vice President and Member for Halia Hon. Patrick Nisira and National Member for North Bougainville Hon. Francesca Semoso,
Australia has embarked on a collaborative effort with Papua New Guinea to enhance the nation''s access to reliable renewable energy sources, addressing the growing demand for electrification.According to recent updates from the Australian High Commission in PNG, the partnership involves strategic initiatives aimed at bolstering PNG''s electrification re...
Newcrest Mining Limited and the National Energy Authority (NEA) have formalized their collaboration by signing a Memorandum of Understanding (MOU) aimed at identifying, developing, implementing, and financing potential renewable energy initiatives in selected locations across Papua New Guinea (PNG). The signing ceremony, which marked a significant milesto...
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Port Moresby | TotalEnergies, Santos and ExxonMobil have begun full engineering and design work on their $US10 billion ($14.86 billion) Papua LNG project, as the long-awaited and much-heralded development edges closer to materialising.
Papua LNG is on course to be the Pacific island country''s second gas project, and PNG Prime Minister James Marape hopes the development will spur economic growth in a country where large amounts of the population live below the poverty line.
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THE electricity sector play an important role in a country''s economy by providing energy needed to boost the production of goods and services.
This has led some developing countries undertaking different reforms in the sector with a view to address problems associated with performance of State-owned utilities such as high costs in power generation, unreliable supply and inadequate expansion of electricity access.
However, the State-owned vertically integrated power utility includinng Papua New Guinea (PNG) is often riddled with multifaceted problems ranging from financial constraints, aging infrastructure to poor leadership and mismanagement.
To address these issues, the PNG Government has introduced a number of critical reforms such as the passing of the National Energy Authority (NEA) Act 2021 with subsequent establishment of the National Energy Authority to oversee and coordinate all energy relatedmatters.
Prior to that, the implementation of the Electricity Industry Policy (EIP) of 2011 attracted private sector investment into the electricity sector.
The Government''s aspiration to reform the power sectordepends on sufficient generation capacity to address the ongoing power shortages. In this regard, the operation of Independent Power Producers (IPPs) is crucially important to supplement and boost electricity supply in the country.
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