Industry sectors

Winds of change: why Papua New Guinea is perfectly placed for a wind-power revolution

Papua New Guinea is sitting on a world-class wind power resource that could see it exporting power to the region in a relatively short space of time. Talking at Business Advantage PNG Investment Conference, Sean Whittaker, Principal Renewables Specialist with the International Finance Corporation, said that PNG would be well placed to start the journey to renewable energy.
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Regulator rejects Kina Bank’s acquisition of Westpac’s Papua New Guinea assets

It is back to the drawing board for Kina Bank and Westpac, as Papua New Guinea's Independent Consumer and Competition Commission has issued a 'final determination' declining authorisation of Kina's proposed acquisition of Westpac Papua New Guinea.
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What is Fortescue Metals Group doing in Papua New Guinea?

Earlier this month, Papua New Guinea's government announced a 'deed of agreement' with Australian iron ore giant, Fortescue Metals Group, to develop renewable energy projects in PNG. Business Advantage PNG learns more about its plans from Julie Shuttleworth, CEO of subsidiary Fortescue Future Industries.
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