Installed Renewable Energy Capacity
Key Players
  • Department of Petroleum and Energy (DPE)
  • PNG Power Ltd
  • Independent Consumer and Competition Commission (ICCC).
  • PNG Sustainable Development Program Ltd
  • National Energy Policy 2016-2020
  • Electricity Industry Act 2002
  • Independent Consumer & Competition Commission Act 2002
  • Papua New Guinea-Solar Irradiation and PV Power Potential Maps
  • IRENA RE Resource
  • Renewable energy opportunities and challenges in the Pacific Islands region
  • Energy Sector Assessment
  • Designing rural electrification solutions considering hybrid energy systems for Papua New Guinea
  • Lighting Papua New Guinea
  • Powering PNG into the Asian Century
  • PNG Power Pilot Rooftop Solar Program
Graphs have been developed using HIGHCHARTS software under the Creative Commons Attribution-NonCommercial 3.0 License
Key Economic Indicators
  • GDP (current)
    USD 24.83 Billion
    in 2019
  • GDP growth rate (current)
    5.9%
    in 2019
  • WB Ease of doing business rank
    120
    in 2019
  • Foreign direct investment
    USD 333.97 Million
    in 2019
  • Lending interest rate to private sector
    NA
    in 2020
  • Domestic Credit to Private Sector
    14.48%
    in 2019
Key Energy Indicators
  • Electric power consumption per capita
    NA
    in 2014
  • Share of electricity from RE in grid
    34.53%
    in 2015
Sovereign Credit Rating
  • Standard & Poor's
    BBB
  • Moody's
    Baa3
  • Fitch
    BBB
NEXT IN EMERGING ECONOMIES
Guyana is an English speaking country located along the northern coast of South America with an area of about 215,000 km2 and a population of under 750,000. Approximately 90% of the country’s population is concentrated in and around the capital city of Georgetown and along the nearby coastline. This upper middle income country has a growing service sector; nevertheless, agricultural production and extractive industries are key contributors to its economy.