PNG Economics Bulletin

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Prime Minister Marape Emphasises Commitment to Securing Maximum Benefits for PNG in Wafi-Golpu Mine Development

Prime Minister Marape Emphasises Commitment to Securing Maximum Benefits for PNG in Wafi-Golpu Mine Development Port Moresby, 18 March 2025 – Prime Minister Hon. James Marape has reinforced...

MINISTER FOR WORKS AND HIGHWAYS RESPONSE TO CENTRAL GOVERNOR’S CONCERNS ON THE CONNECT PNG PROGRAM

The Marape – Rosso Administration acknowledges the concerns raised by the Governor for Central Province in the news media on the 4th March 2025, regarding security risks associated with the...

Captain Beverley Pakii Sets New Milestone as Papua New Guinea’s First Airbus A220 Captain

Air Niugini’s Captain Beverley Pakii continues to record milestones in the aviation industry, this time becoming the first Papua New Guinean Airbus A220 Captain after successfully completing her type...

Santos Reviews CEPA Directive for K50 Million Compensation to Kutubu Landowners

Santos, the operator of the Kutubu oil fields says it is reviewing a direction by the PNG lead  environment regulator to pay millions of kina to Kutubu landowners for damages to two river...

MRA Management, Staff Welcome New Mining Minister Wake Goi

The Mineral Resources Authority (MRA) management and staff officially welcomed the newly appointed Mining Minister, Hon. Wake Goi MP, to the MRA on yesterday.  Minister Goi, who serves as the...

Bougainville Labour Mobility Alumni Celebrate Successful Pilot Program

Bougainvillians returning from seasonal work in Australia are leveraging their newly acquired skills and earnings to launch agricultural projects and businesses within their communities. Recently...

Santos announces refinancing of syndicated debt facility

Santos this week announced it had executed documentation to refinance its 2025 maturing syndicated bank loan facility. Santos holds leading shares in the PNGLNG Project following the successful merger...

Twinza’s Pasca A Gas Project on the cards to boost PNG Economy: PM satisfied with Progress

Prime Minister James Marape yesterday convened with State Lead Negotiator Dairi Vele yesterday to discuss key developments related to the Pasca Gas Condensate Project, located offshore from Kerema...

Kina Asset Management Ltd Declares Record Interim Dividend for 2024

Kina Asset Management Ltd (KAML) has announced a historic interim dividend of 20 toea per share for the half-year ending 30 June 2024, following a strong net profit of K9.9 million. This record...

National Energy Authority introduces the Papua New Guinea Regulation for Small Power Systems

Increasing access to reliable electricity or energy services in villages can improve livelihoods by creating economic opportunities.

On Monday April 11, 2022, the final version of the Papua New Guinea Regulation for Small Power Systems was handed over to the National Energy Authority (NEA) by United Nations Development Programme to facilitate the promotion of access to affordable clean energy.

Papua New Guinea has set a target for 70% of its households with access to electricity by 2030 and the ‘Small Power Systems’ sets the foundation to achieving this target. The United Nations Sustainable Development Goal 7 (SDG 7) calls for “affordable, reliable, sustainable and modern energy for all” by 2030.

UNDP Resident Representative, Mr. Dirk Wagener said, “Cheaper, cleaner energy for more people improves livelihoods and protects vulnerable communities and fragile ecosystems from the impacts of global warming and climate change. We take this opportunity to thank NEA for continuing the support that was initially provided by the Independent Consumer and Competition Commission (ICCC) in the development of the Papua New Guinea Regulation for Small Power Systems. A first of its kind for the country!”

The Regulation was developed under the UNDP-managed ‘Facilitating Renewable Energy and Energy Efficiency Applications for Greenhouse Gas Emission Reduction Project‘.

The Regulation provides for private and public investments in energy service products including power systems of less than one megawatt (< 1 MW). It allows for the involvement of communities irrespective of the business models to be used. Micro, small and medium enterprises can now look to becoming energy service providers in remote areas of the country, bringing affordable energy services to rural villages. This will unlock a variety of commercial activities in the communities and expand the local economies. Following endorsement by the National Executive Council, the National Energy Authority, will be able to use the Regulation to license mini-grid operators who wish to retail electricity services in remote rural areas.

The Facilitating Renewable Energy and Energy Efficiency Applications for Greenhouse Gas Emission Reduction Project is proudly funded by the Global Environment Facility GEF). It is administered by UNDP in partnership with the Climate Change and Development Authority (CCDA).

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