A Papua New Guinea–based company has expressed interest in investing in the Geothermal Terminal Project at Paraso Volcano in Vella Lavella, Western Province.
The proposed project aims to explore the geothermal potential of the area and is viewed as a significant opportunity to advance renewable energy development in the region.
Representatives from the PNG company recently met with local leaders and Western Provincial Government (WPG) officials to discuss project feasibility and the potential benefits for surrounding communities and the province at large.
Western Province authorities have welcomed the initiative, noting its potential to create jobs, improve infrastructure, and provide long-term sustainable energy solutions.
Premier Billy Veo confirmed the company’s recent visit to the Paraso Volcano area in North Vella. He said the team intends to return in January next year to continue exploration, feasibility assessments, and other preparatory work needed before the project can progress to implementation.
“The company is very keen to develop the project at Paraso and will secure the necessary funding. The Western Provincial Government is ready to facilitate any requirements they may have,” Premier Veo told Solomon Star yesterday.
He added that such initiatives could significantly boost the province’s energy capacity, potentially supporting power needs across multiple islands.
The Geothermal Terminal Project remains in its early planning phase, with further studies and consultations required before any formal agreement or investment is finalised.
Local stakeholders have expressed optimism that collaboration with the PNG company could ensure the project is developed responsibly, with strong community involvement and environmental safeguards.
By ULUTAH GINA
Solomon Star, Gizo
