International Finance Corporation

Affordable, green housing deal signed

The deal, a first of its kind for PNG, is aimed at demonstrating a model for large scale affordable housing for low- and middle income families in Port Moresby, to help ease the growth of the city’s informal settlements.  It was announced by Governor Parkop during the Pacific Urban Forum, now underway in Fiji, which is focusing on the challenges of urbanisation in Papua New Guinea and other Pacific Island nations.

Lower cost, reliable power for outer centres

PNG Power’s Director Strategic Planning and Business Development, Bruce Corbet, signed the agreement with IFC’s Vice President for Asia and the Pacific Nena Stoiljovi, on Tuesday.

Under the agreement, the two organisations will identify ways to stimulate private investment and expertise to boost power generation, including through greater use of renewable energy sources such as solar, wind, biomass and gas.