Archive by Year

  • Dec 8 2011

    Govt acts to fix national power problems

    The Minister for Public Enterprises, Sir Mekere Morauta, said today National Executive Council had approved three submissions from himself and the Minister for Petroleum and Energy, Mr William Duma, to improve national electricity supplies. “The submissions relate to the repair and expansion of the Ramu Hydro Scheme in the Eastern Highlands, the construction of a […]

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  • Dec 5 2011

    National Editorial

    Last week the National newspaper published an editorial relating to my decisions and associated comments on various Public Enterprises since becoming Minister in August. It is my duty to the nation to announce publicly the decisions that I make and to be held accountable for those decisions as the Minister responsible. Likewise, the former Minister, […]

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  • Nov 27 2011

    ASomare on MVIL court case

    The Minister for Public Enterprises, Sir Mekere Morauta, said today that the suspended Member for Angoram, Mr Arthur Somare, should check his facts. IPBC has not withdrawn its court action against various people and organisations involved with the illegal disposal of MVIL‟s shares in Bank South Pacific. That action remains current, although the hearings have […]

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  • Nov 24 2011

    Speech on the condition of Public Enterprises

    Introduction When the O’Neill-Namah Government took over from the Somare regime in early August, I was given the task of sorting out the mess which had been created among all of the state owned enterprises by the former Minister for Public Enterprises, the (currently suspended) Member for Angoram. The main responsibility of this ministry is […]

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  • Nov 24 2011

    Government abolished Department of Public Enterprises

    The Minister for Public Enterprises, Sir Mekere Morauta, announced today that NEC had approved a submission to raise up to K900 million to cover a shortfall in Papua New Guinea’s funding of its share in the LNG project. “The shortfall has arisen because of decisions by the previous Government and previous IPBC management when they […]

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  • Nov 24 2011

    Government borrows more for LNG Project equity

    The Minister for Public Enterprises, Sir Mekere Morauta, announced today that NEC had approved a submission to raise up to K900 million to cover a shortfall in Papua New Guinea’s funding of its share in the LNG project. “The shortfall has arisen because of decisions by the previous Government and previous IPBC management when they […]

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  • Nov 23 2011

    NEC endorsed changes to the MVIL Board

    The Minister for Public Enterprises, Sir Mekere Morauta, said National Executive Council had endorsed changes to the board of MVIL Limited. The new members are Mr Bonny Igime, Mr Steven Pim, Ms Veronica Waieng, Dr Bangi Kumdim and Mr John Tuka. In announcing the appointments, Sir Mekere stressed that no Public Enterprise chairman would be […]

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  • Nov 21 2011

    IPBC Audited Accounts for 2010

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