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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Key impact projects
“KCH is mandated to pay annual dividends from the profit earned by assets and investments held in the GBT, ” said Minister Duma.
Kumul Consolidated Holdings, in collaboration with PNG Power Ltd (PPL), is seeking Expressions of Interest (EoI) from owners of suitable alienated land to enter into a lease agreement with a future independent power producer under which the land will be used for the installation and operation of a solar farm.
Acting Managing Director of Kumul Consolidated Holdings (KCH) David Kavanamur, presented Chief Executive Officer of Nasfund, Ian Tarutia and his Investment Team with the Information Memorandum for the partial privatisation of Telikom Limited.