The World Bank, through its commercial arm the International Finance Corporation or IFC, has unveiled plans to get solar generated electricity services delivered to about half a million people in remote parts of Papua New Guinea.
The IFC's Vice President for Asia Pacific, Karin Finkelston, says their off-grid lighting scheme will boost business and educational opportunities, cut household spending and improve safety.
Papua New Guinea flag. Photo: supplied
It has been launched in Port Moresby today with details of an analysis of the market, which Ms Finkelston says shows a widespread need and a market poised for strong growth.
"So what we are doing then is looking at what products are best suited to this market and then trying to bring those companies into the market and offer them a roadmap or handholding process into how they can enter the market and then we have teamed up with Origin Energy on the distribution side, so looking at how we can get to these remote areas."
IFC's Vice President for Asia Pacific, Karin Finkelston
