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.
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 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.
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.