The country’s plans to raise generation capacity to meet soaring demand have been boosted by the signing of power purchase agreements (PPAs) for over 17 GW with independent power producers (IPPs) in 2015. The high level of investor interest, principally from IPPs in China, South Korea and Japan, offers hope to the administration of President...
Plans to double oil refining capacity by 2025 are advancing as Indonesia works to enhance security of supply, while reducing its fuel import bill. In May 2016 state oil company Pertamina signed an agreement with Russia’s Rosneft for the first of two 300,000-barrel-per-day (bpd) refineries and took a major step forward in the revamping of its...
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Development of Indonesia’s energy sector to meet rapidly rising demand and sustain economic growth is arguably the most daunting challenge facing the administration of President Joko Widodo. A combination of economic growth, increased urbanisation and cheap energy supplies, resulting from fuel and electricity subsidies, have all led to sharp...
The string of successful mines dotting Papua New Guinea, from the Panguna mine in Bougainville to Ok Tedi in the Western Province, has demonstrated many times over the substantial mineral potential lying just beneath the surface across the country. These proven success stories, which have rewarded the efforts of earlier pioneering mining...
In line with the global industry as a whole, as a result of the downward cyclical trend still buffeting the industry, the mining sector in Papua New Guinea remains in a cooling period in terms of exploration and production activity. To counteract tighter profit margins brought on by sluggish global demand for minerals and the corresponding...
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