Investing Today. Building Hela's Future.
Creating enduring prosperity for the people of Hela by converting finite resource wealth into disciplined, long‑term investments that outlast oil and gas.
Why Hela Investment exists
The province hosts the upstream of the PNG LNG project. The money has flowed. Very little of it stayed. Hela Investment exists to change what happens to it.
K14 Billion
Royalties, development levies, taxes and dividends paid by ExxonMobil to the PNG Government between the start of PNG LNG in 2014 and mid‑2022.1
K360 Million
LNG tax‑credit funds intended to transform Hela, spent instead in Port Moresby: APEC Haus, the National Football Stadium and the Sir Manasupe Haus refurbishment.2
20% of Provincial LNG Revenue
Hela Investment’s mandate: one fifth of the province’s LNG revenue, taken out of recurrent spending and turned into assets Hela will still own when the gas is gone.3
A generation's resource wealth, invested for every generation that follows.
Read our purposeOur Purpose
Hela is a principal host of the PNG LNG project, but oil and gas are finite. Hela Investment Limited is the commercial investment arm of the Hela Provincial Government, created to convert that wealth, today, into productive assets that keep generating income for the people of Hela long after the resources are gone.
Our Assets on the Map
Select a location to explore each investment.
Arafura Energies
The subsidiary attacking a problem the country has lived with for decades: a gas‑rich nation that imports its own fuel.
- Incorporated
- 13 November 2023
- Ownership
- Wholly owned by Hela Investment
- Products
- Petrol, diesel, Jet A‑1, kerosene, lubricants and fuel oil
- Customers
- PNG distributors, including Puma Energy
Further operating companies are under review. See the sectors being assessed.
Our Partners
Every relationship below is active, contracted and delivering.
News & Announcements
Coverage of Hela Investment and the province, from Papua New Guinea’s news outlets.
Our Vision
A Hela Province whose wealth is secured long after oil and gas: a province where today’s resource revenue keeps building services, opportunity and independence for its people.
Stewardship
We manage the people’s wealth as custodians, not owners.
Transparency
Public funds demand open, accountable decisions.
Long‑Term Thinking
We measure success in generations, not quarters.
Work with HIL
We welcome conversations with co‑investors, institutions and suppliers who share our commitment to sustainable, long‑term prosperity for the province.
Why Hela Investment Limited exists
Hela hosts one of Papua New Guinea's largest resource projects. Our purpose is to make sure that wealth outlives the resource itself.
What HIL does
Hela’s wealth belongs to its people. Our responsibility at Hela Investment Limited is to ensure that wealth is not spent once, but invested, so the benefits of today’s resources reach the generations who follow.
For too long, resource revenue has flowed out of the province with too little left behind. Our mandate changes that: by directing a share of Hela’s LNG revenue into real, income‑generating assets — property, energy, hospitality and the industries of the future — we are building an economy that can stand on its own.
Every kina is measured not only by its return, but by the jobs it creates and the health services, schools, roads and power it helps the province pay for.
How HIL began
Oil and gas are finite. Hela Investment Limited was created as the development and investment arm of the Hela Provincial Government to answer one question: what will sustain Hela once the gas is gone?
A New Province, a Finite Resource
Hela becomes a province of PNG and a principal host of the PNG LNG project — a major revenue source, but one that will not last forever.
Invest, Don’t Just Spend
A deliberate policy is set: direct a fixed share of resource revenue into productive, long‑term assets rather than one‑off spending.
The First Subsidiary
Arafura Energies is established as a wholly owned subsidiary, strengthening national fuel security.
The First Assets
The Hela 1 & 2 Twin Towers are unveiled in Waigani — the first assets bought with gas money, designed to outlast the gas.
Building Momentum
Groundbreaking of the Hela Heritage Hotel with MRDC in Tari, opening 2028 — diversification beyond property.
Hulukumaiya
Huli — one who shares equally among all people
It is the oldest idea in Hela, and it is the whole of our mandate. It describes an obligation to share the benefit of the province’s resources across all of Hela. That principle guides how the portfolio is selected and how its returns are applied.
Vision & Mission
A Hela Province whose prosperity is secured for generations, where wealth created by today’s resources keeps building services and opportunity long after oil and gas have ended.
To invest provincial wealth wisely and transparently across property, energy, infrastructure and future industries, generating sustainable returns for the people of Hela.
Our Values
These four principles put Hulukumaiya — sharing equally among all people — into everyday practice: from the assets we choose to the way we report on them.
- 01
Stewardship
We manage the people’s wealth as custodians, not owners.
In practice — every asset is chosen for the long‑term benefit it returns to Hela, not short‑term gain.
- 02
Transparency
Public funds demand open, accountable decisions.
In practice — how the portfolio performs, and how its returns are applied, is reported openly and reviewed by the board.
- 03
Long‑Term Thinking
We measure success in generations, not quarters.
In practice — returns are reinvested to keep funding services long after oil and gas have ended.
- 04
Partnership
We build alongside credible institutions and communities.
In practice — we invest alongside credible partners and keep communities part of the decision.
Structure and Management
Hela Investment answers upward at every level — from the executive team to the board, to the Provincial Government, to the people who own the wealth.
The People of Hela
The ultimate owners of the wealth Hela Investment manages.
Hela Provincial Government
Shareholder on behalf of the province; appoints the board.
Board of Directors
Sets strategy, approves investments, holds management to account.
Executive Team
Led by the CEO; runs the portfolio and reports to the board.
Wealth That Outlives the Resource
See how Hela Investment turns today’s resource revenue into lasting assets — or meet the people accountable for it.
Leadership
The people entrusted with managing Hela's investment portfolio and safeguarding provincial wealth.
Chairman & Chief Executive
Ronny Angu
Chairman of Hela Investment Limited by virtue of his office as Provincial Administrator of Hela Province, appointed by the Hela Provincial Executive Council in April 2026. He came to the role from within the provincial administration, where as Director of Education he oversaw the upgrading of Pori High School to secondary status and the distance-education pathway that sent 120 Hela students to further study overseas.
Gadisa Igah
Chief Executive Officer of Hela Investment Limited, providing investment oversight and managing the portfolio and future opportunities for the Hela Provincial Government. His background spans savings and loans, financial inclusion and investment management in PNG. He also serves as a director of the group’s fuel subsidiary, Arafura Energies.
The Board
The directors of Hela Investment Limited.
Aho Baliki
A career banker with over 45 years’ experience, including senior roles at BSP as Managing Director of PNGBC and National Development Bank. Now Group Managing Director of Moni Plus, and a director of Hela Investment Limited, Kumul Minerals Holdings and Broky Limited.
How the board works
Hela Investment manages public wealth. Who sits on the board matters less than what the board is obliged to do.
Appointed by the Shareholder
Directors are appointed by the Hela Provincial Government, Hela Investment’s sole shareholder, on behalf of the people of Hela.
Board Committees
The board works through committees with defined remits covering audit and risk, investment decisions, and appointments.
Board Sets, Management Runs
The board approves strategy and investments. The executive team, led by the CEO, runs the portfolio and reports back.
Published Statements
Remarks by Hela Investment leadership, as reported. Each links to the original.
On the Puma Energy memorandum of understanding, the Chief Executive said the partnership was intended to
bring long term sustainable prosperity, not only to the people of Hela, but to Papua New Guinea as a whole.
Setting out the goal of the group’s energy arm, he described the aim as securing
a diversified, stable, and secure fuel supply for the Papua New Guinea domestic marketthrough strategic partnerships and international contracts.
Our Investment Portfolio
We invest across sectors chosen for durable returns and clear benefit to Hela, building an asset base designed to outlast non‑renewable resources.
Commercial Property
Our flagship assets are the Hela 1 & 2 Twin Towers in Waigani, leased to national government departments for a stable, long‑term revenue stream.
Hela 1 Tower
Government‑tenanted office tower in Waigani, the anchor of Hela Investment's property portfolio.
Project detailHela 2 Tower
The second tower of the twin development, housing DIRD and the National Civil and Identity Registry.
Project detailHela 3 & 4
Two further towers planned to expand the property portfolio, with land titles being secured in the capital.
Project detailEnergy
Our wholly owned subsidiary strengthens PNG's fuel security through the importation and wholesale of refined petroleum products.
Import & Wholesale
Refined petroleum (petrol, diesel, Jet A‑1, kerosene and lubricants), supplied to distributors across PNG.
National Fuel Security
Strengthening the reliability of the country’s downstream fuel supply.
Wholly Owned
A 100%-owned Hela Investment subsidiary, incorporated 13 November 2023.
Infrastructure
Infrastructure investment supports economic activity and jobs while delivering long‑term value to the province.
Enabling Assets
Investments that unlock provincial economic activity and services.
Job Creation
Construction and operations that employ Helans and build local capability.
Long‑Term Value
Assets that appreciate and generate returns over decades.
Hospitality
A hospitality venture facilitated through Hela Investment, in partnership with MRDC, tapping Hela's tourism potential, from dramatic landscapes to cultural heritage.
Hela Heritage Hotel
The first modern hotel in Hela Province, in Tari: groundbreaking 17 October 2025, opening 2028.
Joint Venture with MRDC
Delivered with the Mineral Resources Development Company, facilitated through Hela Investment.
Tourism Potential
Unlocking Hela’s dramatic highland landscapes and cultural heritage for visitors.
Beyond Resources
Our long‑term strategy targets sustainable, income‑generating sectors, including clean‑energy opportunities explored with partners such as Puma Energy.
Sustainable Power
Exploring clean‑energy opportunities with partners such as Puma Energy.
Emerging Sectors
Selective entry into income‑generating sectors beyond oil and gas.
Resilient Returns
Spreading provincial wealth across durable, long‑term assets.
Landmark Projects
Every project is a tangible asset for Hela, delivered by credible partners, built to generate returns for the province.
Hela 1 & 2 Twin Towers
The Hela Provincial Government's first commercial real‑estate investment: twin office towers in Waigani, National Capital District, funded through Hela Investment Limited and unveiled by Governor Philip Undialu.
Hela 3
The third tower in the programme, under way with the same partner that delivered Hela 1 & 2.
Hela 4
A planned fourth tower to complete the capital‑city cluster, with land titles being secured through the Department of Lands.
Hela Heritage Hotel
A hospitality venture with MRDC and the Hela Provincial Government, facilitated through Hela Investment.
Read: Hela prepares for Heritage Hotel groundbreaking — NBC PNG
Our Delivery Partner
Hela 1, Hela 2, Hela 3 and the Heritage Hotel are all being delivered by China Rail Construction Engineering Group. Continuity of contractor is deliberate: it is how a young institution builds a track record instead of a series of one‑offs.1
Hela 1
Office tower, Waigani. Government‑tenanted.
Hela 2
Office tower, Waigani. Leased to national government departments.
Hela 3
Third tower, under construction with the same contractor.
Hela 4
Titles are being secured through the Department of Lands, with NCDC’s support.2
Location Policy
The Twin Towers are in Port Moresby, not Tari. That is a deliberate investment decision, and it is the right one.
Waigani is the seat of national government. Office space there is leased by national departments on long tenancies, at commercial rates, paid reliably. It is the closest thing in Papua New Guinea to a bond — and the income it produces is what funds development back in Hela.
The Hela Heritage Hotel, by contrast, sits in Tari. Together the two make the point: Hela Investment invests where the return is, and spends where the need is.
Our Subsidiaries
Operating companies wholly owned by Hela Investment Limited, each advancing a strategic sector for Hela and PNG.
Arafura Energies Limited
Incorporated on 13 November 2023 and domiciled in Papua New Guinea, Arafura Energies is a wholly owned subsidiary of Hela Investment Limited, importing and wholesaling refined petroleum products to customers across PNG. Under CEO Gideon Karali, a former Puma Energy PNG executive, the company is expanding beyond fuel supply into power generation, gas commercialisation and wider energy infrastructure.
During Papua New Guinea’s 2024 national fuel‑supply shortage, Arafura Energies was among the suppliers, alongside Kumul Petroleum Holdings and Air Niugini, that brought in fuel shipments after Puma Energy declared force majeure, per The National.
Energy
Papua New Guinea exports gas from Hela, yet imports nearly all of its refined fuel. Arafura Energies exists inside that contradiction.
Gas‑Rich, Fuel‑Poor
PNG has exported LNG since 2014, with the upstream fields sitting in Hela itself. Refined petroleum (diesel, petrol, jet fuel) is still overwhelmingly imported.1
Downstream, Not Upstream
Hela Investment cannot compete with ExxonMobil upstream. It can participate downstream, where the margin is closer to the community and the barrier to entry is capital, not geology.
Revenue That Is Not Rent
Fuel distribution generates trading income that is uncorrelated with the property portfolio: genuine diversification, not a second version of the same bet.
Future Subsidiaries
Hela Investment is a holding company. Each new operating arm must stand on its own commercially, and must serve a gap the province actually has.
Arafura Energies
Downstream fuel. Wholly owned, incorporated 13 November 2023.
Hospitality
The Hela Heritage Hotel in Tari is the first hospitality asset, delivered as a joint venture with MRDC.1
Infrastructure & Services
Facilities management, logistics and property services around the assets Hela Investment already owns.
Agriculture
Hela’s highlands are fertile. A route to income that does not depend on a resource that runs out.
Partnerships
We build alongside established institutions, combining local knowledge with global capability to deliver sustainable outcomes for Hela.
Institutions We Build With
Confirmed and evidenced relationships across energy, construction, state enterprise and legal.
Partner Register
A young institution does not have the balance sheet or the track record to act alone. Hela Investment’s strategy is to co‑invest with organisations that already have both.
MRDC
The Mineral Resources Development Company manages resource‑project equity on behalf of PNG landowners and provinces. MRDC is Hela Investment’s joint‑venture partner on the Hela Heritage Hotel. Managing Director: Augustine Mano.1
China Rail Construction Engineering Group
The contractor that delivered Hela 1 and Hela 2, has Hela 3 in progress, and is building the Hela Heritage Hotel: a single delivery partner with a proven record in the province.1
Puma Energy
Puma Energy is the largest downstream fuel business in Papua New Guinea. It signed a memorandum of understanding with Hela Investment in December 2023 covering clean energy, commercial development and socio‑economic projects, and is also named by Arafura Energies as a customer for imported refined product — so the relationship runs in both directions.2
Logohu Capital Limited
Logohu Capital Limited is licensed by the Securities Commission of Papua New Guinea to deal in securities. It acts as transaction advisor to Hela Investment, providing the corporate and transactional support behind the build‑out of the group’s energy business, including Arafura Energies.3
BSP
Bank South Pacific is Papua New Guinea’s largest bank. BSP provides corporate banking services to the group, including to Arafura Energies, supporting the working capital that fuel importation requires.
PEMA Corporation
PEMA Corporation supports the group as a procurement partner on imported fuel cargoes, working alongside Arafura Energies on the sourcing side of the fuel supply chain.
Stout Lawyers
Stout Lawyers provides commercial, corporate and litigation counsel to Hela Investment. Its principal, Tabe Jugari, also serves on the Hela Investment board — a related‑party relationship the company discloses rather than leaves to be discovered.
- 1NBC PNG↩
- 2EMTV↩
- 3 Securities Commission of Papua New Guinea, licensed capital‑market participants — scpng.gov.pg. Partnership described by Arafura Energies — arafurapng.com. ↩
What HIL looks for
Proven Delivery
A record of finishing what was started, in Papua New Guinea, on the ground.
Aligned Interest
Partners who benefit when Hela benefits, not only when the deal closes.
Capability Transfer
Every partnership should leave Hela Investment and Hela more capable than it found them.
Clean Governance
Interests declared, conflicts managed, decisions documented.
News & Announcements
Milestones, partnerships and progress from across the Hela Investment Limited group.
Featured Story
Hela 1 & 2 Twin Towers Unveiled in Waigani
The towers house the Department of Finance, DIRD and the National Civil and Identity Registry. Governor Undialu described it as the first of many investments to come, funded by a policy to channel 20% of PNG LNG revenue into sustainable projects.
The PNG BulletinGroup Milestones
Milestones across the Hela Investment group, as reported by independent publishers. The full press library is in the Media centre ↗
K800 million in PNG LNG royalties released
Landowner trust funds tied to the province’s gas revenue reached MRDC’s account, coinciding with the opening of MRDC’s new Tari office, part of the same revenue stream that funds Hela Investment’s mandate. NBC PNG →
Hela Heritage Hotel groundbreaking in Tari
PM James Marape joined the 17 October groundbreaking of the MRDC–Hela joint venture, facilitated through Hela Investment; the hotel opens in 2028. NBC PNG →
MRDC drives tourism infrastructure growth
The Hela Heritage Hotel is part of MRDC’s national Heritage Hotels programme across project provinces. The National →
HIL and Puma Energy sign MOU
An agreement to explore co‑investment in sustainable and clean‑energy projects. EMTV →
Arafura Energies established
Hela Investment’s wholly owned subsidiary, incorporated 13 November 2023, to strengthen PNG’s fuel security. arafurapng.com →
The Tari Office Building Is a Different Building
The Hela Provincial Government Office Building in Tari — also referred to as “Hela Haus 2” or “Hela 2” — was handed over on 17 October 2025 and houses BSP, MRDC, IPA and IRC. It is not a Hela Investment project, and it is a separate building from the Hela 1 & 2 Twin Towers in Waigani, though both were built by China Rail.
China Rail ↗Media Centre
Imagery, broadcast coverage and press resources for media, partners and the public.
Gallery
Approved imagery of the Hela Investment portfolio and the province. Photography is free to use with the credit “Hela Investment Limited”. The corporate identity is available for use on request.
Broadcast Coverage
Broadcast coverage of the Hela Investment portfolio, played through each publisher’s official channel.
Hela cultural heritage, from EMTV’s official YouTube channel (© EMTV).
Press Coverage
Independent reporting on Hela Investment Limited and the assets it is building. These are the primary sources behind the figures used across this site — each link opens the original article and photography on the publisher’s own website.
Hela Provincial Government unveils Twin Tower investment in Waigani
Coverage of the Hela 1 & 2 unveiling, the 20% LNG‑revenue policy, and the K100 million ten‑year target, with Governor Undialu’s remarks in full. Read ↗
Hela Province prepares for the groundbreaking of Hela Heritage Hotel
The MRDC joint venture and China Rail Construction Engineering Group’s delivery record. Read ↗
Puma Energy partners with Hela Investment
The November 2023 Memorandum of Understanding to co‑invest in sustainable socio‑economic and clean‑energy projects. Read ↗
Transformation of Komo‑Magarima
Governor Undialu on the K360 million of LNG tax‑credit funds intended for Hela that were spent in Port Moresby: the case for Hela Investment’s mandate. Read ↗
MRDC driving tourism infrastructure growth
The tourism infrastructure programme run by MRDC, Hela Investment’s joint‑venture partner on the Hela Heritage Hotel. Read ↗
MRDC accelerates tourism investment as Heritage Hotel projects advance
The wider Heritage Hotels programme across the provinces, of which the Tari hotel forms part. Read ↗
Media Enquiries
Hela Investment will respond to media enquiries on its investments, financials and governance.
Please direct enquiries through the contact page. Every figure on this site is cited on the page it appears, and we will point you to the original source.
Accountability
Transparency is central to how we manage the people's wealth. Corporate, governance and financial information for investors, partners and the public.
The Mandate
Hela Investment exists to convert a finite, non‑renewable revenue stream into permanent, income‑producing assets held on behalf of the people of Hela.
See the mandate ↗Hela Provincial Government
Hela Investment is the commercial investment arm of the province. Its shareholder is the people of Hela, represented by the Provincial Government.
20% of Provincial LNG Revenue
A deliberate policy directs one fifth of the province’s PNG LNG revenue away from recurrent spending and into productive assets.
K100m Assets · K100m Revenue
The ten‑year targets set by the Hela Provincial Government, in the Governor’s own words.
Income That Outlives the Gas
Rental income, dividends, jobs and local procurement flowing back into Hela long after the resource is exhausted.
Key Figures
Publicly reported figures only. Targets and delivered assets are listed separately.
| Measure | Figure | Status | Source |
|---|---|---|---|
| Share of provincial LNG revenue Hela Investment is mandated to invest | 20% | Mandate | Provincial Government |
| Asset base target | K100 million | Target · 10 years | Governor Undialu, public statement |
| Annual revenue target | K100 million | Target | Governor Undialu, public statement |
| Office towers completed and occupied | 2 | Delivered | Hela 1 & 2, Waigani |
| Towers under construction | 1 | Under way | Hela 3, Waigani |
| Hotel under construction | 1 | Opens 2028 | Hela Heritage Hotel, Tari |
| Operating subsidiaries | 1 | Trading | Arafura Energies |
| Audited financial statements published | — | Not yet published | — |
This table is reviewed whenever a figure changes. Last reviewed: July 2026. Figures are published only where a named source exists. Where an audited figure is not yet available, the table records that.
The Province Today
Hela hosts the upstream of the PNG LNG project. This is the province Hela Investment invests for.
Decades of extraction have not produced services commensurate with the resources taken from Hela. Hela Investment’s purpose is to change what happens to the money: converting it into assets the province still owns when the gas is gone.
- 1 2011 National Census — Hela Provincial Health Authority↩
- 2 PNG LNG, Hides field, exporting since 2014 — Business Advantage PNG↩
- 3 Hela Provincial Hospital patient volume, stated by the Prime Minister — ReliefWeb / PNG PM Media↩
The Holdings Register
The complete register of Hela Investment holdings and commitments.
| Asset | Sector | Status | Notes |
|---|---|---|---|
| Hela 1 & 2 Twin Towers | Commercial property | Delivered | Two office towers in Waigani, National Capital District, leased to national government departments: HIL’s anchor income stream, independent of commodity prices. |
| Hela 3 | Commercial property | In progress | A third tower under construction with the same delivery partner, extending government‑anchored rental income. |
| Hela 4 | Commercial property | Planned | A planned fourth tower to complete the capital‑city cluster, with land titles being secured through the Department of Lands. |
| Hela Heritage Hotel, Tari | Hospitality | Groundbreaking | A joint venture with the Mineral Resources Development Company, facilitated through HIL, and the province’s first hospitality asset. Opening 2028. |
| Arafura Energies | Energy | Operating | HIL’s downstream energy subsidiary, importing and wholesaling refined petroleum, diversifying the group beyond property. |
| Puma Energy | Partnership | MOU signed | A Memorandum of Understanding signed in November 2023 to explore co‑investment in sustainable socio‑economic projects, including clean energy. EMTV report ↗ |
How value returns
This is the mechanism by which the portfolio returns value to the province: recurring income, employment and dividends, reported by Hela Investment.
Recurring Income
Government‑anchored leases in the Hela towers generate rental income independent of commodity prices: revenue the province keeps receiving when LNG royalties fall.
Employment & Local Procurement
Construction, facilities management, hospitality and fuel distribution create jobs and supplier contracts, with a stated preference for Hela and PNG businesses.
Dividends to the Province
Surpluses returned to the Hela Provincial Government are available to fund the health services, schools, roads and power the province has long gone without.
Provincial Revenue to Date
Hela Investment was created because resource revenue was not reaching the province. The figures below are drawn from public reporting and from the Governor of Hela’s own statements.
Royalties, development levies, taxes and dividends paid by ExxonMobil to the PNG Government from the start of PNG LNG in 2014 to the second quarter of 2022.1
LNG tax‑credit funds intended to transform Hela were instead spent in Port Moresby on APEC Haus, the National Football Stadium and the Sir Manasupe Haus refurbishment, according to Governor Philip Undialu.2
One fifth of provincial PNG LNG revenue, directed into assets the province will still own when the gas is gone.3
Hon. Philip UndialuGovernor of Hela ProvinceAt the unveiling of the Hela 1 & 2 Twin Towers3“Hela is a beneficiary of non‑renewable resources, which will eventually run out. This investment is part of a deliberate policy to channel 20 percent of our PNG LNG revenue into sustainable projects. This is the first of many investments to come, and it belongs to the people of Hela.”
- 1 ExxonMobil figures cited in Natural gas in Papua New Guinea↩
- 2The PNG Bulletin — Transformation of Komo‑Magarima↩
- 3The PNG Bulletin — Twin Tower investment unveiled in Waigani↩
Delivered Assets
Assets in the ground, in use, and earning.
2 Office Towers
Hela 1 and Hela 2 in Waigani, funded by the Hela Provincial Government through Hela Investment Limited and leased to national departments.1
Hela 3 · Heritage Hotel
A third tower is in progress with the same delivery partner, China Rail Construction Engineering Group; the Hela Heritage Hotel broke ground in Tari on 17 October 2025.2
Corporate Information
Company profile, strategy and governance — with reports and procurement notices published here as they become available.
Corporate profile
Investment strategy
Corporate governance
Annual reports & financial statements Not yet published
Tender & procurement notices
Co‑Investment
Our team is available to discuss partnership and investment opportunities with qualified institutions.
Build Hela's Future with Us
We are building a professional team to manage provincial wealth to the highest standard.
Roles & Applications
We are not recruiting at present. Send a general application and we will be in touch as positions open.
Vacancies are listed here for Hela Investment and for every company in the group, each showing the company you would be joining.
No Open Positions at This Time
Send a general application using the form and we will hold it on file for when a relevant role opens.
Apply Now
Apply generally below and we will hold your details on file.
Working at Hela Investment
Competitive Package
Fair remuneration benchmarked for a professional investment group.
Training & Development
Invest in your skills as the group grows and diversifies.
Health & Balance
A supportive workplace that values wellbeing and integrity.
Local Impact
Work that visibly benefits the people of Hela Province.
How to apply
Apply
Submit your application and CV through the form above.
Screening
We review applications against the role requirements.
Interview
Shortlisted candidates meet the team.
Offer
Successful candidates receive an offer to join Hela Investment.
Grow with the Hela Investment Group
Send a general application — or read more about the group you would be joining.
Administration Support Officer
A position with Arafura Energies Limited, the wholly owned downstream energy subsidiary of Hela Investment Limited.
This position was advertised on 19 August 2025 and closed on Friday 29 August 2025. It is retained here as a record of the kind of role the group recruits for. Current openings are listed on the careers page.
About This Position
Arafura Energies sought an experienced Administration Support Officer to keep its operations running smoothly, providing direct support to senior management and ensuring the team functioned effectively behind the scenes.
Key Responsibilities
- Provide administration and clerical support, including reception duties.
- Manage correspondence, records, schedules and office supplies.
- Assist with reports, documents, minute taking and data entry.
- Coordinate meetings, travel and logistics.
Key Requirements
- Diploma in Business Management or a related field.
- Five or more years supporting senior management; board interaction experience preferred.
- Proficient in Microsoft Office.
- Strong organisational and communication skills.
- A positive, professional and proactive attitude.
How applications were made
Candidates sent a CV to recruitment@arafurapng.com, addressed to the AEL Recruiting Manager, by Friday 29 August 2025. Only shortlisted candidates were contacted.
View the original listingOpens arafurapng.com in a new tab.
Arafura Energies
November 2023
Established on 13 November 2023 and domiciled in Papua New Guinea, wholly owned by Hela Investment Limited.
Fuel Security
Imports refined petroleum products — petrol, diesel, Jet A‑1, kerosene, lubricants and fuel oil — and wholesales them to distributors nationally.
An Indigenous Supplier
A provincially owned company competing in a market that has depended on imported supply chains, with Puma Energy (PNG) among its customers.
Listing and company information from arafurapng.com.
Back to Careers
Vacancies across Hela Investment and its subsidiaries are listed in one place.
Contact Us
For partnership, investment, tenancy, procurement, media or general enquiries: our team is here to help.
Send an Enquiry
Reach Us Directly
Cnr Musgrave Street & Champion Parade
Port Moresby, NCD
Port Moresby, NCD
Papua New Guinea
Reach the Right Team
Tell us what you need and your enquiry goes straight to the right team.
Office Space
Leasing enquiries for the Hela towers in Waigani: available floors, terms and fit‑out. Tenancy ↗
Procurement
Tender opportunities, supplier registration and payment queries across the Hela Investment group. Procurement ↗
Partnerships & Capital
Co‑investment, joint ventures and corporate enquiries. Accountability ↗
Working at HIL
Roles across property, energy, finance and hospitality as the group grows. Careers ↗
Anything Else
Corporate, governance or general questions about Hela Investment. Use the form ↗
Where we operate
Waigani, National Capital District
Hela Investment is based in the Hela towers it owns, in the government precinct of Port Moresby, alongside the national departments that lease from it.
Tari, Hela Province
Hela Investment’s shareholder, the Hela Provincial Government, is seated in Tari, where the Hela Heritage Hotel is now under construction.
How we invest
A disciplined, long‑term approach to converting Hela’s finite resource wealth into diversified assets that generate income for generations.
Our Mandate
Hela’s gas will not last forever. Hela Investment exists to convert a finite revenue stream into permanent, income‑producing assets under a deliberate policy set by the Hela Provincial Government.
- 1 Hon. Philip Undialu, Governor of Hela, at the unveiling of the Hela 1 & 2 Twin Towers — The PNG Bulletin↩
Long‑Term Stewardship
We manage the people’s wealth as custodians, measuring success in generations, not quarters.
Diversification
We move beyond dependence on oil and gas into property, energy, hospitality and future industries.
Real, Income‑Generating Assets
We favour tangible assets that produce durable, recurring returns for the province.
Local Benefit
Every investment is weighed by the opportunity, employment and services it creates for Hela.
Partnership‑Backed
We invest alongside credible partners and operators to strengthen delivery and build capability.
Disciplined Governance
Board oversight, transparency and accountability underpin every decision.
Investment Themes
A balanced portfolio across the sectors that strengthen Hela’s economy.
Commercial Property
Hela 1 & 2 Twin Towers in Waigani — anchor income assets.
Learn moreArafura Energies
Fuel import and wholesale strengthening national supply.
Learn moreHela Heritage Hotel
Tourism infrastructure with MRDC, opening 2028.
Learn moreInfrastructure & Agriculture
Planned diversification into enabling assets and food security for the province.
What we look for
The qualities that make an opportunity worth pursuing — whatever the sector.
Strategic to Hela
Assets that build the province’s economy, capability and independence.
Income‑Generating
Durable, recurring returns that fund the province over the long term.
Sustainable & Responsible
Investments that respect the environment and benefit communities.
Delivery Capability
Backed by credible partners with the capacity to execute.
Investing in the People of Hela
Our purpose is simple: turn resource revenue into lasting prosperity, opportunity and services for the people of Hela, today and for generations to come.
Community Benefit
Every investment is measured not only by its return, but by what it builds for Hela.
Jobs & Training
Our assets create local jobs and build skills across construction, operations and services.
Local Business
Investment channels spending to Hela suppliers, contractors and entrepreneurs.
Provincial Services
Returns help sustain the services and infrastructure the province depends on.
Future Generations
Sustainable wealth designed to outlast oil and gas.
Who this is all for
- 1 2011 National Census — PNG Department of Finance↩
- 2 Patient volume stated by the Prime Minister — ReliefWeb / PNG PM Media↩
- 3 Governor Philip Undialu — The PNG Bulletin↩
These figures describe the province Hela Investment invests on behalf of. They are the reason for the mandate.
Investing where it is hardest
Hela is recovering from disaster and managing real social risk. How that shapes what we build — and what the Provincial Government has committed alongside it — is set out under Responsible Investment.
Responsible Investment
As custodians of public wealth, we balance returns with care for the environment, benefit to communities, and strong governance.
Environmental, Social & Governance
Responsible investment is not separate from our mandate; it is how we protect and grow Hela’s wealth for the long term.
Environmental
We favour projects that respect Hela’s environment and support sustainable development.
Social
Benefit to the people of Hela — jobs, health services, schools, roads and power — is central to every decision.
Governance
Transparent, accountable oversight of how public wealth is invested and reported.
The Context We Invest In
Hela is a province recovering from disaster and managing real social risk. Responsible investment in this environment means building assets that hold up — and being honest about who is doing what.
The 2018 Earthquake
A 7.5‑magnitude earthquake struck the Highlands in February 2018, damaging health facilities across Hela and setting the province back years. Rebuilding resilient infrastructure is a condition of investing here, not an optional extra.1
K10 Million to the UN Highlands Joint Programme
In 2020 the Hela Provincial Government — Hela Investment’s shareholder — contributed K10 million to the UN’s Highlands Joint Programme, the first time any PNG province had financially backed UN work.2
- 1 February 2018 Highlands earthquake and its effect on Hela health facilities — ReliefWeb / PNG PM Media↩
- 2United Nations in Papua New Guinea↩
Our Commitments
Rigorous Due Diligence
We assess risk, return and community impact before we commit capital.
Sustainable Projects
We prioritise investments that deliver lasting value beyond the resource era.
Local Benefit First
We weigh every decision against the opportunity it creates for Hela.
Accountability & Disclosure
We report transparently to the province and to the public.
Investment That Answers to Its People
Every kina Hela Investment manages is measured by what it builds for the province — and reported openly to the people who own it.
Hela Heritage Hotel
A landmark hospitality investment in Tari: the first modern hotel in Hela Province.
The Investment
The Hela Heritage Hotel is a joint venture between the Mineral Resources Development Company and the Hela Provincial Government, facilitated through Hela Investment Limited — extending the portfolio into tourism and hospitality.
Groundbreaking was held on 17 October 2025 and attended by Prime Minister James Marape. The hotel is scheduled to open in 2028 and is being built by China Rail Construction Engineering Group.
Key Facts
The Vision
Delivered With
In partnership with the Hela Provincial Government, facilitated through Hela Investment.
What it means for Hela
Jobs & Skills
Construction and, once open, hospitality careers for local people.
Gateway to Hela
Accommodation that opens the province to visitors and business.
Provincial Landmark
A lasting, income‑generating asset for Hela.
Why a hotel, in Tari?
There is nowhere to stay
Tari has had no modern hotel. Every visiting official, contractor, investor and NGO has been a logistics problem. The Heritage Hotel is infrastructure before it is hospitality.
Tourism Is Untapped
Governor Undialu has pointed to Hela’s dramatic landscapes and cultural heritage as an economy the province has never been able to serve. MRDC has committed to supporting SMEs through the Tourism Promotion Authority.1
It puts capital in the province
The towers earn in Port Moresby. The hotel builds, employs and trades in Tari, the return flowing back to the place the money came from.
Beyond Property
The hotel diversifies a portfolio anchored by the group’s commercial towers in Waigani.
Hela 1 & 2 Twin Towers
Hela Investment's flagship property assets: twin commercial office towers in Waigani, leased to national government departments.
The Investment
The Hela 1 & 2 Twin Towers in Waigani, National Capital District, are Hela Investment’s flagship property assets — purpose-built commercial towers funded through Hela Investment Limited and leased to national government departments.
Governor Philip Undialu described them as the first of many investments to come, funded by a policy to channel 20% of PNG LNG revenue into productive assets.1
Key Facts
The Anchor of the Portfolio
Recurring Income
Government-anchored leases generate rental income independent of commodity prices — revenue the province keeps receiving when LNG royalties fall.
Funds the Province
The income the towers earn in the capital funds development back in Hela.
First of Many
The first assets bought with resource revenue, designed to outlast the gas.
The Programme Continues
The towers were the first assets bought with resource revenue. Two more are following them.
Hela 3
The third tower in Hela Investment's Waigani property programme, under construction.
The Investment
Hela 3 is the third tower in Hela Investment’s Waigani property programme, under construction with the same partner that delivered Hela 1 & 2.
It extends the group’s government-anchored rental income in the National Capital District.
Key Facts
The Rest of the Tower Programme
Hela 3 follows the two towers already delivered in Waigani, with a fourth planned alongside them.
Hela 4
A planned fourth tower to complete Hela Investment's capital-city property cluster.
The Investment
Hela 4 is a planned fourth tower to complete Hela Investment’s capital-city property cluster.
Land titles are being secured through the Department of Lands.1
Already Delivered, Already Building
Hela 4 completes a programme that has two towers standing and a third under construction.
Tenancy & Leasing
Commercial office space in the Hela towers: purpose-built commercial accommodation in the National Capital District, already home to national institutions.
Available Space
The Hela 1 & 2 Twin Towers in Waigani are Hela Investment’s flagship property assets: purpose‑built commercial towers leased to national government departments and institutions.
Enquiries are welcome from government agencies, statutory bodies and established corporates seeking long‑term accommodation in the capital.
Purpose-Built for Institutions
Waigani, the Government Precinct
In the seat of national government in the National Capital District — the reason national departments lease here.1
National Institutions
The Department of Finance, DIRD and the National Civil and Identity Registry occupy space in Hela 1 and Hela 2.1,2
Long‑Term Leases
Structured for stability, for the tenant and for the province.
Growing
Hela 3 is under construction and Hela 4 is planned, with land titles being secured through the Department of Lands.1
Three Steps to a Lease
Register Interest
Contact us with your space requirement, preferred floor area and timing.
Inspection
We arrange a viewing of available floors and discuss fit‑out requirements.
Terms & Agreement
Lease terms are agreed and documented with Hela Investment and its legal counsel.
Enquire About Space
Tell us your floor area and timing and we will arrange an inspection.
Tenders & Procurement
We buy openly, competitively and fairly. Current opportunities and supplier information for the Hela Investment Limited group.
Spending Public Money Well
Hela Investment invests public wealth. Every kina we spend with suppliers must stand up to scrutiny, so our procurement is designed to be open, competitive, and free of conflicts of interest.
How we award work
Open Competition
Opportunities above threshold are advertised publicly and openly contested.
Value for Money
Awards weigh capability, quality and whole‑of‑life cost, not price alone.
Local Participation
We actively encourage Hela and PNG suppliers to bid and to build capability.
No Conflicts
Directors and staff declare interests; conflicted parties take no part in an award.
Open Tenders
Every live tender is published here with its closing date and documentation.
No Open Tenders at This Time
There are currently no advertised tenders. Suppliers are welcome to register interest so we can notify you when relevant opportunities open.
Register as a supplierSupplier Requirements
What we ask for, and when. Exact requirements are set out with each tender so suppliers are never asked for more than the job needs.
The Tender Process
Advertise
The opportunity and its documents are published on this page.
Submit
Bidders submit by the stated closing date, in the required format.
Evaluate
Bids are assessed against published criteria by an evaluation panel.
Award
The outcome is confirmed to bidders and the contract is executed.
Building with Papua New Guinean Suppliers
See the partners already delivering for the group — and the assets they are building.
Privacy Policy
How Hela Investment Limited collects, uses and protects personal information submitted through this website.
This policy explains, in plain language, what we collect and why. It covers the enquiry form and the job application form — the only two places on this site where you can send us personal information.
Who we are
Hela Investment Limited is the investment company of the Hela Provincial Government, registered in Papua New Guinea with its registered office at Level 2, MRDC Building, Cnr Musgrave Street & Champion Parade, Port Moresby, National Capital District, Papua New Guinea. Where this website collects personal information, Hela Investment Limited is responsible for it.
What we collect
We only collect what you choose to send us through the two forms on this site. We do not create accounts, and we do not take payments.
Enquiry form: your name, phone number, email address, the enquiry type you select, and your message.
Job application form: your name, email address, phone number, the position and area of interest, your covering note, your CV, and any supporting documents you attach.
Why we use it
Enquiries are used to respond to you and to direct your message to the right part of the group. Applications are used to assess you for the vacancy you have applied for.
We do not use either for marketing, we do not sell personal information, and we do not pass it to anyone for their own commercial purposes.
Your Consent
Submitting a form is how you give consent for us to handle the information in it for the purpose above. You can withdraw that consent at any time by contacting us, and we will stop using the information and delete it unless we are required to keep it.
Who we share it with
Access is limited to the people within Hela Investment who need it to answer your enquiry or assess your application.
Where an enquiry or application relates to a company in the group — for example a role at Arafura Energies — it may be passed to that company. We may also share information with professional advisers where we are required to.
How long we keep it
Application materials submitted for an advertised vacancy, including CVs and supporting documents, are destroyed once the successful applicant for that vacancy has been appointed.
General applications sent when no vacancy is open are held on file so we can consider you when a relevant role arises. [How long general applications are retained before deletion — to be confirmed.]
Enquiries are kept only for as long as needed to deal with them and to keep a record of the correspondence.
Cookies and Tracking
This website sets no cookies. It uses no analytics, no advertising trackers and no cross‑site tracking of any kind, and it does not store anything in your browser between visits.
Third‑Party Services
Two services load content from outside this site. Typefaces are served by Google Fonts, which means Google receives your IP address when a page loads. The location map is served by Google Maps, and it is deliberately built so that nothing loads from Google until you choose to click it. A video on the Media page is hosted by YouTube using its no‑cookie domain, and it too loads only when you click to play it.
Where we link to newspapers, publishers or partner organisations, those sites are outside our control and have their own privacy practices.
How we protect it
Information submitted through the forms is handled within Hela Investment’s own internal systems, and access is restricted to those who need it for the purpose it was given.
Your Rights
You may ask us what personal information we hold about you, ask us to correct it if it is wrong, ask us to delete it, or withdraw your consent. Contact us at [enquiries email — to be confirmed] and we will respond as soon as we reasonably can.
Children
This website is not directed at children, and we do not knowingly collect information from anyone under 18. The job application form is intended for applicants of legal working age in Papua New Guinea. If you believe a child has sent us personal information, contact us and we will delete it.
Where Your Information Is Held
Information submitted through this site is held in Papua New Guinea within Hela Investment’s own systems. Where a service provider outside Papua New Guinea is used in future — for example email or document storage — this policy will be updated to say so before that happens.
Complaints
If you are not satisfied with how we have handled your information, tell us and we will look into it. Papua New Guinea’s national data protection framework is still in development; if a supervisory authority is established, you will be able to escalate a complaint to it.
Changes to This Policy
We may update this policy as the group grows and as Papua New Guinea’s data protection framework develops. The current version will always be published on this page.
Version 1.0 — published August 2026. This is the current version; any future revision will be published on this page with a new date.
Terms & Conditions
The terms on which Hela Investment Limited makes this website and its content available.
These terms govern use of this website. The most important of them, for an investment company, is that what you read here is information about Hela Investment — it is not an offer and it is not investment advice.
Acceptance of These Terms
By using this website you accept these terms. If you do not accept them, please do not use the site. We may update the terms from time to time, and the version published here is the one that applies.
About This Website
This site is published by Hela Investment Limited, the investment company of the Hela Provincial Government, registered office Level 2, MRDC Building, Cnr Musgrave Street & Champion Parade, Port Moresby, National Capital District, Papua New Guinea. It exists to explain who we are, what we invest in, and how we account for the wealth we manage on behalf of the people of Hela.
No Offer and No Investment Advice
Everything on this site is general information about Hela Investment Limited and its portfolio. It is not an offer or invitation to invest, not a solicitation of any kind, and not investment, legal, financial or tax advice.
Nothing here should be relied on as the basis for a financial decision. If you are considering working with us, take your own professional advice first.
Forward‑Looking Statements
Parts of this site describe targets, plans and projects that have not happened yet — for example asset targets, assets under construction, and opening dates. These reflect current intentions and expectations. They are not promises or guarantees, and outcomes may differ.
Accuracy of Information
Figures and reporting on this site are drawn from public reporting, official records and statements made by the Hela Provincial Government and Hela Investment. Sources are cited on the relevant pages.
Information is correct as at the date it is published and may change afterwards. We take care to be accurate, but we do not warrant that every part of the site is complete or current at all times.
Intellectual Property
The design, text and structure of this site belong to Hela Investment Limited unless stated otherwise.
Photography of the portfolio and the province may be reproduced with the credit “Hela Investment Limited”. The corporate identity, including the logo, is available for use on request and should not be altered. Material belonging to third parties, including publishers we link to and partner organisations, remains theirs.
Permitted Use
You may read, share and quote this site for information purposes, with attribution. You may not use it to misrepresent Hela Investment, attempt to gain unauthorised access to it, or interfere with its operation.
Third‑Party Links
We link to newspapers, publishers, government bodies and partner organisations so our figures can be checked at source. We do not control those sites and are not responsible for their content or their availability.
Availability of the Site
We aim to keep the site available and up to date, but it is provided as it is. We may change, suspend or withdraw any part of it without notice.
Limitation of Liability
To the extent permitted by law, Hela Investment Limited is not liable for loss arising from use of this site or reliance on its contents. Nothing in these terms limits any liability that cannot be limited by law.
Privacy
How we handle personal information submitted through this site is set out in our Privacy Policy, which forms part of these terms.
Recruitment and Procurement
Vacancies and tender notices published here are advertisements only. Publishing a vacancy or a tender is not an offer of employment or of a contract, and Hela Investment Limited is not obliged to appoint any applicant or accept any tender. Where a formal process applies, that process governs.
Governing Law
These terms are governed by the laws of Papua New Guinea, and the courts of Papua New Guinea have jurisdiction over any dispute arising from them.
Version 1.0 — published August 2026. This is the current version; any future revision will be published on this page with a new date.