The signing of an MOU between the Autonomous Bougainville Government and PNG Power on Monday 17th May in Port Moresby has put into motion plans for a Bougainville Power Company to take over from state-owned enterprise PNG Power by 2025.
The Bougainville Energy Development Steering Committee established from the signing of the MOU will facilitate this transfer of powers and jointly explore development of potential energy resources and make available generation capacity to provide reliable electricity services to the people Bougainville.
Acting Chief Secretary for the Autonomous Bougainville Government, Shadrach Himata says the partnership between both parties is a positive step built on shared understanding and responsibility to ensure the rural majority have access to electricity powered by both non-renewable and renewable energy.
Mr Himata stating that electricity is a key enabler in driving the regional economic growth centers identified in North, Central, South Bougainville and the Atolls district and the Bougainville Administration is committed to ensure gradual transfer of electricity powers and functions to the planned Bougainville Power Company by 2025.
Managing Director of PNG Power, Flagon Bekker in his remarks, assured that PNG Power is committed to partnering with the government of the Autonomous Region of Bougainville in making this transition to full ownership in a measured and controlled manner.