BY BEN BILUA
Gizo
THE Western Provincial Government is pursuing major investments in the energy sector as part of its strategy to reduce costs and improve services for households and businesses across the province.
Premier Billy Veo said the provincial government has identified several key projects, including the proposed Paraso Thermal Power Plant and the reclamation of two fuel storage tanks in Noro.
Speaking on the government’s plans, Veo revealed that a Chinese investor has expressed strong interest in developing a thermal power plant at Paraso, with discussions currently underway.
He said the Deputy Premier is working closely with the investor to progress negotiations and determine the next steps for the project.
“Once the negotiation is complete, a paper will be presented to the executive for further discussion.
“I understand that Solomon Power will not be happy, but my government is focusing on delivering the best services for our people,” Veo said.
He said the proposed Paraso Thermal Plant is expected to provide more affordable electricity to households as well as small and medium-sized businesses.
“Currently, the cost of electricity is very expensive and we are looking at helping our people with less cost and more benefits,” Veo said.
He also announced plans to reclaim two fuel storage tanks located on provincial land in Noro once the current lease agreement with Mark Warth Oil Limited expires.
Veo said the company is presently operating the facilities under an arrangement that the provincial government no longer considers beneficial to the people of Western Province.
“Mark Warth is currently using the fuel tanks. It was an agreement that we later see as not beneficial for our province.
“When the land was transferred back to Western Province, there was a Memorandum of Understanding between the government at the time and Mark Warth on revenue sharing.
“Western Province lost huge revenue due to the MOU,” he said.
Veo said the provincial government intends to terminate the lease once it expires and take over fuel distribution operations in the province.
He described the move as a key component of Western Province’s broader investment strategy in the energy sector, aimed at creating long-term economic benefits while ensuring more affordable and reliable energy services for residents.
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