What does Pacific Energy do for Papua New Guinea?

Pacific Energy has acquired the Shell assets in 2010 to supply the Port Morseby International Airport. The Pacific Energy Group plays a key role in the international supply of Papua New Guinea. 2 new tanks will be commissioned in 2017 in order to optimize and extend our storage capacities and better serve our clients.

How much funding is needed for PNG's Power Sector?

Based on the LCPDP and NEROP, more than USD 700 million of additional funding is required to finance PNG’s power sector expansion costs until 2030. Separately, the total addressable market (i.e., total potential revenue) for the off-grid sector (both mini-grids and standalone solar products) is approximately USD 800 million. Private sector role.

What does a Papua New Guinea licensee do?

Licensee are required to provide employment, training and localization for Papua New Guineans, and priority is to be given to local people affected by the project licensed and approved under the Act (Section 84).

Can Papua New Guinea reach a 70% electrification rate?

Investments are also needed to achieve the goal, announced by the Government of Papua New Guinea (GoPNG) in 2018 at the Asia-Pacific Economic Cooperation (APEC) meeting in Port Moresby, of reaching a 70% electrification rate by 2030.