PM Marape furthers negotiations in Singapore on trade, investment projects including frontier-breaking clean green energy production
PRIME Minister Hon. James Marape hits the ground running in the frontier-breaking clean green energy projects he has been championing over the last two years when he met with leaders of Fortescue Future Industries (FFI) in Singapore today to progress the talks further.
He said from Singapore FFI has voiced its intention to partner Papua New Guinea in a big way to harvest clean green energy from both hydro and geothermal sources as well as move later down the line into solar and wind energy production.
Currently, FFI has identified and set up project sites in Gulf Province for hydro and West New Britain Province for geothermal work and has been working in these areas since the signing of two important agreements since 2021.
Prime Minister said from Singapore today: “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 has signed with FFI to progress investment in this energy sector.”
The Prime Minister flew into Singapore to continue these important trade and investment conversations including those on Papua LNG, Pasca LNG, Pn’yang LNG and also to get Porgera and Wafi-Golpu sanctioned.
The Prime Minister also visited the PNG High Commission in Singapore with a view to strengthen it further as a trade and investment office while getting the PNG government to increase trade and investment with the ASEAN and APEC countries.
He said: “The Singapore office will be given more support in that context in partnership with Investment Promotion Authority, the Kumul companies, National Fisheries and Forestry authorities, and our Agriculture and Livestock Department so that it coordinates export and trade into the lucrative Asian market of over two billion people who need food and energy, and products PNG can mass produce into the future as we are planning under my Government.”