November 7, 2018
Thursday 01st November, 2018 – Port Moresby: Horsecamp Zone 5 community in the Joyce Bay area, situated south of Port Moresby, are recipients of a modern sport facility worth K250,000 thanks to Kumul Consolidated Holdings (KCH) and Japanese International Cooperation Agency (JICA).
Development of the basketball and volleyball court is a gesture of appreciation towards the community as host to the multimillion kina Port Moresby Sewerage Treatment Plant.
The sewerage treatment plant is 98% complete and will be launched during the APEC Leaders’ Summit in November by PNG Prime Minister Peter O’Neill and his Japanese counterpart, Prime Minister Shinzō Abe.
The facility was formally handed over to Moresby South MP Justin Tkatchenko on Wednesday (October 31) in a small but significant ceremony witnessed by the management teams of KCH, Eda Ranu, Japanese project developers Dai Nippon Construction and Hitachi JV, NJS Consulting Engineer and the community.
Tkatchenko thanked the development partners for the facility on behalf of the people and made a commitment to support a community tournament at the end of the year.
“I am making a commitment to sponsor a tournament in December that will be played on this very court. It is now upon the community leaders to organise themselves and send a proposal to the electorate office for funding. I also call on the people to take responsibility of the facility,” Tkatchenko said.
The sport facility lies in the centre of the community and will also be utilised for other communal activities.
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.
Kumul Consolidated Holdings (KCH) Chairman Peter Aitsi and Chair of the KCH Audit & Risk Committee James Gore today announced that their Board had endorsed a Whistleblower Policy.