The Native Lands Trust Board has stressed that it has no intentions or immediate plans to set up a new subsidiary company to enter into a joint venture to establish ethanol plants in the country with the Chinese investors.
NLTB Spokesperson Nimilote Naivalumaira confirmed to Fijivillage news that the Board's only focus is ensuring land availability for the proposed ethanol plants.
Naivalumaira also said they cannot elaborate on Vanua Development Cooperations earlier involvement in the project.
Fiji's Ambassador to China Sir James Ah Koy revealed yesterday that the Chinese company, Guanxi State Farms, which intends to invest US$40 million, was to enter a joint venture with NLTB's Vanua Development Cooperation to set up ethanol plants but as Vanua Development is facing some problems they have suggested to NLTB to set up a new company as the investors want NLTB to be directly involved to ensure land security.
Guanxi State Farms is expected to set up two ethanol plants in the country once a Local Company is identified to enter the joint venture.
NLTB Denies Plan For New Venture
Related Stories
COMPOL urges Lagalaga Sanatan students to value discipline and education
Students of Lagalaga Sanatan Primary School in Labasa have been reminded of the importance of education, discipline and obedience by the Commissioner of Police Rusiate Tudravu. Tudravu spoke to the students during
Heavy Rain Alert remains for Viti Levu, Southern Bua, Cakaudrove, Lau and Lomaiviti Groups
A Heavy Rain Alert remains in force for the Eastern half of Viti Levu from Serua, Namosi through Navua, Suva, Nausori, Tailevu, Naitasiri, Ra, Southern Bua, Cakaudrove, Taveuni, Kadavu, Lau and Lomaiviti Groups and near
Warning letter written to Prof. Narsey – Acting AG
Acting Attorney General Siromi Turaga says a strong warning letter has been written to Electoral Reform Commissioner Professor Wadan Narsey after he came out publicly with the Electoral Reform Commission report recommen
3 Fijian men from KVT gang in Sydney denied bail for AUD$12.5M drugs case
Three Fijians who are alleged to be associated with a gang supplying drugs in Sydney have been refused bail by the court. 28-year-old Eparama Nevale, 28-year-old William Ravoka, and 24-year-old George Sukanaivalu,
Proposed ‘People First’ submits application for registration
The Proposed ‘People First’ has submitted its application for registration to the Registrar of Political Parties, Ana Mataiciwa. Mataiciwa confirms that the FEO is now preparing to publish the party’s applica
Visitor arrivals on track for record year while sugar output drops
Visitor arrivals have recovered following a decline in the first quarter and based on current trends, Fiji is on track to achieve a third consecutive year of record visitor arrivals in 2025. While speaking on the p