Posted By Staff Reporter
A Taiwanese company that specialises in building solar equipment is planning to
build a new plant in Lae, Morobe, to produce solar lights, panels and other
The company, Speedtech Energy, has four factories in
Taiwan, West Africa, Caribbean and El Salvador and hopes to set up a fifth
plant in the country.
Chief executive Lucas Chiu accompanied Ambassador
Daniel Hu to Lae last week to officially handover 48 new solar lamp posts to
Chiu, who has been travelling the world and surveying
prospective locations, is here for his sixth visit.
The solar lamp posts,
featuring normal size street post and lighting with a solar panel and a
convertor attached on top, is a product of Speedtech Energy and were donated by
the Taiwanese people to Lae district under a partnership with Lae MP and
Minister for Community Development, Youth and Religion Loujaya Kouza.
company has over the last 16 years produced a total of 240 different devices
which harnesses the energy from the sun to power them, ranging from solar
lighting to solar water pumps.
“Speedtech Energy will set up another plant
in Lae, I will make a report and make a serious decision to set up a plan here
to cover the country and the Pacific area,” Chiu said.
“PNG is really
prosperous not only in abundant resources but from free energy from the sun,”
Kouza was pleased with the announcement by the
Hu said Chiu’s presence showed that he takes great pride in
the high quality and reliability of this company’s solar products.
Papua New Guinea Business News
We cover all Papua New Guinea and International business news on this page. Please subscribe to our latest business on the subscribe form available on this page.