Fortescue Future Industries (FFI)

PM Backs ‘Clean Energy’ Projects

He says the country’s partnership with Dr Andrew Forrest and his company FFI is bigger than just hydro in Purari River and will encompass a huge set of projects worth billions of kina that Papua New Guineans must appreciate.

Prime Minister Marape said the Fortescue Metals Group through its subsidiary FFI is seriously moving into futuristic clean energy and its scope is broader than just the Purari River systems but covering Kikori and Strickland systems, and the geothermal sites throughout PNG beginning in West New Britain Province.

FFI Inks Deal With PNG

Fortescue Future Industries Ltd and PNG yesterday, Friday 5th of November, 2021 signed a Master Development Agreement (MDA) that will enable FFI to undertake feasibility studies to develop up to seven hydropower projects and 11 geothermal energy projects in PNG.