Kumul Consolidated Holdings
KCH is the entity which holds in trust, the Government’s non-petroleum and non-mining assets. KCH (formerly known as IPBC) was established in July 2002 under the Independent Public Business Corporation of Papua New Guinea Act 2002 (the “IPBC Act”). KCH, is mandated to hold all Government-owned commercial assets in trust and to manage those assets to improve commercial performance and underpin economic development. KCH is not responsible for the Government’s mineral, oil and gas assets.
Lead Progressive transformation across our portfolio of State-Owned Enterprises to generate strong economic and social returns for the people of Papua New Guinea.
Empower our State-Owned Enterprises with the guidance, capabilities and resources needed to sustainably grow and deliver high quality services to the people of Papua New Guinea.
Kumul Consolidated holding’s unifying values of integrity, passion and professionalism are epitomised in one common goal to ensure quality SOE service provision to the people of Papua New Guinea.
KCH is an entity established under the Kumul Consolidated Holidings Act 2002 (as amended- KCH Act. And is the Trustee of the General Business Trust that holds, in trust on behalf of the Government and people of Papua New Guinea, the shares of State-Owned Enterprises (SOEs) in the non-mining and no petroleum sectors. It also manages infrastructure projects throughout PNG such as hydorelectric power facilities, metropolitan sewerage systems and port developments.
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KCH celebrated the appointment of Ms. Vicky Vene to the position of Acting CEO for National Development Bank (NDB) after 15 years working in senior management. Her appointment is a historical milestone as the head of a bank including SOEs in Papua New Guinea.
Minister for State Enterprises, Hon. William Duma, today announced the signing of an MOU between Kumul Consolidated Holdings and the East New Britain Provincial Government that paves the way for a solar power project that will ensure greater electricity reliability in that province.
“KCH is mandated to pay annual dividends from the profit earned by assets and investments held in the GBT, ” said Minister Duma.