Improved access to finance could the rapid development of solar power, according to Jon Pittar, Managing Director of solar provider, Solar Solutions PNG. If the government is to achieve its energy goal of giving access to power to 70 per cent of the population by 2030, he believes solar-powered systems must be provided to rural communities.
Improving access to finance the key to solar power expansion in Papua New Guinea
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3 Jul 2018 by 3 Comments
Local knowledge and ‘being there’ critical for business success in the Pacific region
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15 Nov 2017 by 1 Comment
Looking to invest successfully in the Pacific? There’s no substitute for understanding your market and its people, and for being on the ground. Three successful regional investors also outlined to the Business Investment PNG Conference which sectors have the most potential.
In brief: Tourism brings in only US$105 million in the first half of 2017, and other business stories
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27 Sep 2017 by 1 Comment
Tourism brings in only US$105 million in the first half of 2017, Lae businesses downturn about 30 per cent, says business leader, and SP Hunters win. Your weekly digest of the latest business news.
Five questions about the Solomon Islands to the IFC’s Vsevolod Payevskiy
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12 Jul 2017 by 1 Comment
The Solomon Islands’ economy has a rich resource base but faces many obstacles, according to Vsevolod (Seva) Payevskiy, Country Resident Representative for the International Finance Corporation. He tells Business Advantage PNG the best options for growth are agriculture, fisheries, mining and tourism.
In brief: Second mining company in play to revive Panguna copper mine, and other business stories
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5 Jul 2017 by
Australian miner with links to Bougainville landowners bids to restart Panguna, research into boosting tourism in East New Britain and Milne Bay, and ABAC prepares paper on life after mining projects. Your weekly digest of the latest business news.
In brief: Sir Michael Somare retires after 49 years in politics, and other business stories
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11 Apr 2017 by Leave a Comment
Founding Prime Minister retires, new US Embassy to be built, NRI questions land allocation for petroleum park. Your weekly digest of the latest business news. Papua New Guinea’s longest serving MP and first Prime Minister, Grand Chief Sir Michael Somare, has bowed out of politics after 49 years. The former Prime Minister said at an NBC Press Club interview […]
Five questions for the IFC’s Dina Nicholas on growing cruise line tourism in Papua New Guinea and Solomon Islands
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3 Aug 2016 by Leave a Comment
Cruise liner tourism in PNG and the Solomon Islands could grow five-fold within two years, according to a study commissioned by the Australian Government, the IFC and cruise operator Carnival Australia. We asked the IFC’s Senior Operations Office, Dina Nicholas, what will make this growth happen.
Papua New Guinea’s central bank ‘determined’ to get foreign currency in, says Bakani
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18 May 2016 by Leave a Comment
The Governor of the Bank of Papua New Guinea, Loi Bakani, told this week’s Australia–Papua New Guinea Business Forum in Cairns that the bank is ‘determined’ to obtain more foreign currency ‘as soon as possible’ to address the backlog in foreign exchange demand. However, he criticised claims that PNG’s foreign exchange problem could be solved by allowing a free float of the kina, reports David James.
Power outages in Papua New Guinea’s three main grids the result of inadequate maintenance, not installed capacity: review
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13 Jan 2016 by 4 Comments
An analysis of Papua New Guinea’s three main power grids has revealed that inadequate maintenance of plants and the transmission lines is the primary cause of frequent power outages, according to a review conducting by London-based consultants, Economic Consulting Associates. The review also comes with some recommendations.
Key meeting this week to agree on Action Plan to boost major Papua New Guinea power grids
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9 Dec 2015 by Leave a Comment
Hopes are high that an action plan to resolve the problems facing Papua New Guinea’s three main power grids will be endorsed at a key stakeholders’ meeting in Port Moresby this week, according to Gavin Murray, the International Finance Corporation’s (IFC) Country Manager for the Pacific region.
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