February 22, 2022
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.
A suitable land parcel will (i) be located within one of 3 zones identified in the EoI document, (ii) be between 8-12 hectares, and (ii) have a state Lease or freehold title that is fit for the proper purpose and has the correct zoning for the project. Additional physical requirements for the land parcel are detailed in the EoI document.
The lease will have a term of 16 years, renewable for two additional terms of 5 years each.
Click here to obtain the EoI document starting at 10am POM time on 22 February 2022.
Respondents have until 31 March 2022 at 4pm POM time to submit EOIs.
The Pacific Private Sector Development Initiative, an Asian Development Bank technical assistance program undertaken in partnership with the governments of Australia and New Zealand, is assisting PPL in the implementation of this tender.
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.
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