AGP Executive Report
Last update: 2 hours agoDevelopment Investment: PNG and China have agreed a K5 billion portfolio covering nine projects, including a 15MW Hela solar plant, household solar equipment and upgrades to the National Telekom Network. Fisheries: PNG is seeking regional investment to expand processing, aquaculture and coastal fisheries, while a new FAO partnership aims to strengthen sector planning and food security. The tuna industry is also stepping up crew welfare, pollution prevention and traceability efforts. Climate and Power: Weather officials warn coming rains will not end El Niño or fully replenish soil moisture and water supplies; the event could persist until March. Lae’s repeated blackouts are disrupting businesses and essential services, with low dam levels adding pressure. Energy and Agriculture: Papua LNG is targeting a December 15 final investment decision as investor interest grows. An Australian livestock expert is backing plans to revive cattle production, including development of the Urimo ranch, to create jobs and improve local food supply. Resource Governance: Prime Minister James Marape has renewed PNG’s EITI commitment after the country received a “Limited Progress” rating and 27 corrective actions.
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