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.
PNG Power Limited and the Milne Bay Provincial Government have entered into a historic partnership
“KCH is mandated to pay annual dividends from the profit earned by assets and investments held in the GBT, ” said Minister Duma.
Work on the reform of State-Owned Enterprises has resumed – with Air Niugini first in line – following disruptions and delays caused by the coronavirus crisis.
The international coronavirus crisis is continuing to have severe impacts on the national carrier Air Niugini, along with the rest of the business community, the Minister for State Enterprises, Mr Sasindran Muthuvel, said today.