Welcome to Kumul Consolidated Holdings (KCH)
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.
Key Impact Projects
We remain committed to developing positive change in our communities.
Our Portoflio
Kumul consolidated Holdings is Papua New Guinea Government’s trustee shareholder in the state-owned enterprises.
Publications
KCH’s accounts and records of financial transactions are audited by the Auditor General. KCH does not consolidate its accounts as it adopts a fair value approach of its assets and investments.
Latest News
KCH first to contribute to Papua New Guinea’s Sovereign Wealth Fund
“KCH is mandated to pay annual dividends from the profit earned by assets and investments held in the GBT, ” said Minister Duma.
KCH invites Expressions of Interest for Land lease for solar farm near Kokopo, East New Britain
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.
Investor Centre
Online services, shareholder meeting information and FAQs.
Future
Our Vision
To enchance and transform all State-Owned Enterprises to deliver premier services and economic returns.
Our Values
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 PNG.
Our Mission
To steer the holiding entity and its respective SOEs to become profitable organisations; delivering reliable, affordable and efficient services whilst adhering to good corporate governance and best practices.
STATE-OWNED ENTERPRISES
