Plans by the Government to give Mineral Resources Development Corporation monopoly control of gas-fired power generation is an unfair arrangement that in effect will lock out other Papua New Guineans from developing their own energy resources for decades to come.

“The grant of such undesirable market power would severely inhibit competition in electricity generation, and the use of alternatives to...

The Member for Moresby North-West, Sir Mekere Morauta, said today that arrangements between two foreign consultancies and Mineral Resources Development Corporation to build power plants might be undermining the national interest and treating PNG landowners as fronts to ship out millions of kina.

“Under the arrangements that I have been made aware of, the interests of foreign companies seem to have...

The Member for Moresby North-West, Sir Mekere Morauta, today called on MRDC and its subsidiary Dirio Gas and Power Ltd to account for the long and costly delays in construction of their Port Moresby power station.

“According to MRDC-Dirio as late as March this year, their power station was supposed to have been completed and be operational by July,” Sir Mekere said. “It is not. It is far from compl...

Leaked documents have revealed disturbing details about a K7 million financial transaction between Mineral Resources Development Corporation and one of the landowner subsidiaries it manages.

The transaction is purportedly a loan to MRDC by Gas Resources Gigira, which holds about 2 percent of the Hides project on behalf of landowners. MRDC management, purportedly acting on behalf of Gigira, instruct...

Moresby North-West MP Sir Mekere Morauta today challenged the Mineral Resources Development Corporation to publish up-to-date audited details of its group finances since PNG LNG gas production began in mid-2014.

“It is estimated that almost K1 billion in landowner royalties has flowed into its coffers since then, but virtually none of that money has reached its rightful owners,” he said.

“And, contr...

Moresby North-West MP Sir Mekere Morauta said today the lack of transparency and accountability of the Mineral Resources Development Corporation and its subsidiaries may be hiding a multitude of sins.

“Ultimately, what has been hidden from the group’s auditors and the Auditor-General, incorrectly reported in annual financial statements, or simply not reported at all, may be a ticking time bomb for...

Moresby North-West MP Sir Mekere Morauta today questioned the commercial viablility of investments totalling hundreds of millions of kina in landowner royalties by Mineral Resources Development Corporation, and the resulting lack of profitability.

“I have it on good authority that the MRDC group has never paid a dividend to its landowners,” he said.

“The Hilton Hotel is a glaring example of investme...

New information about the scandal-plagued Mineral Resources Development Corporation has become available, reinforcing the urgent need for an inquiry into its operations and the status of the hundreds of millions of kina it manages on behalf of landowner companies.

“There is now a mountain of allegations about MRDC and its landowner subsidiaries,” former Prime Minister Sir Mekere Morauta said today....

Mr Speaker, I will confine my comments to Revenue, Expenditure, Foreign Currency, State-owned Enterprises, Debt and Foreign Aid.

Revenue

Treasurer; You said that the Government is [quote] “slightly behind on revenue”, with revenue for the first 5 months K974 million – or 19% - less than budgeted.

A few days later the Finance Minister said revenue was down by K2 billion – K1.25 billion greater than yo...

Notes for a Speech in Parliament by Rt Hon Mekere Morauta KCMG MP, Member for Moresby North-West and former Prime Minister, on the election of Prime Minister James Marape MP

30 May 2019

Prime Minister Marape, sincere congratulations. Your overwhelming win reminds me of the time twenty years ago when I was elected Prime Minister on the floor of this House.

People of Papua New Guinea, today we have a n...

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