Australia to head huge electricity and internet project in PNG
SIDNEY -
Australia will lead a new multi-billion-dollar electricity and internet rollout in Papua New Guinea.
The Australian newspaper reported New Zealand the US, Japan and South Korea are supporting the project, which will be PNG's largest ever development investment.
The project will deliver internet to 70 percent of PNG and improve access to power.
Both China and the US are also expected to announce new investments in the region at the APEC summit this week.
Beijing will announce new mining and energy investments in PNG, and two Confucius Insitutes to be housed at PNG universities.
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Australian operator warns of reduced power reserves
Adelaide - Australia’s electricity operator has warned of a shortfall in generation and reduced power reserves on the horizon.
The Australian Energy Market Operator (AEMO) has called for further investment in the country’s energy portfolio as retiring coal plants are replaced by intermittent renewables, leaving the grid with less back-up capacity.
AEMO has said this increases the chances of supply interruption and load shedding.
It added the federal government should target 1GW of strategic reserves in the states most at risk – Victoria and South Australia.
CEO of the Clean Energy Council, Kane Thornton, said the shortfall in generation was due a decade of…
