S’pore firm eyes ‘clean energy

PRIME Minister James Marape says Singapore’s Fortescue Future Industries (FFI) is partnering Papua New Guinea (PNG) to harvest clean energy from both hydro and geothermal sources.
“They will, later, move down the line into solar and wind energy production,” he added.
Marape issued a media statement from Singapore yesterday where he is leading a delegation of cabinet and senior Government officials to progress talks further with FFI.
He said FFI had identified and set up project sites in Gulf for hydro and West New Britain for geothermal work and had been working in these areas since the signing of two agreements since 2021.
“With global consciousness of fossil fuel-induced global warming, clean green energy is the way to move into the future and this meeting follows on the Head Agreement PNG signed with FFI to progress investment in this energy sector,” he said.
Marape flew to Singapore to continue several important trade and investment issues, including those on Papua LNG, Pasca LNG, Pn’yang LNG and also to get Porgera and Wafi-Golpu sanctioned.
He also visited the PNG High Commission in Singapore to strengthen it further as a trade and investment office while getting the PNG Government to increase trade and investment with the Asean and Asia-Pacific Economic Cooperation (Apec) countries.
“The Singapore office will be given more support in partnership with the Investment Promotion Authority, the Kumul companies, National Fisheries and Forestry Authorities, and our Agriculture and Livestock Departments so that it coordinates export and trade into the lucrative Asian market of more than two billion people. PNG can mass produce food, energy and other products, a key focus of the Government tob progress PNG’s economy.”