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Whistleblower Summary August 2024
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Important Notice : Phishing Scam
Kumul Consolidated Holdings (KCH) is alerting the public of a fraudulent website (shown above) circulating on social media platforms, that purports to be a KCH recruitment portal.
KCH celebrates first woman on acting CEO position for SOEs
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.
Solar Power for East New Britain
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 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.