KUMUL Review July 2016

Address by Hon. William Duma, LLB, LLM, CMG, MP
Minister for Public Enterprises & State Investments
This is my first address in The Kumul Review since being appointed Minister for Public Enterprises and
State Investments on January 27, 2016.
From the outset, I commend and acknowledge the efforts and contributions of my predecessor Hon.
Ben Micah MP and the teams at both Kumul Consolidated Holdings Ltd and all the State Owned
Enterprises for achieving important milestones in the areas of operations for many of our State
Owned Enterprises.
As Minister responsible, I ask myself these important questions:
• what is the future of each individual State Owned Enterprise?
• is a particular State Owned Enterprise performing to the expectations?
It is incumbent upon each Chairman, Managing Director, Director and employee of each of the State Owned Enterprises to ensure
that he or she performs competently and efficiently to achieve positive outcomes such that each State Owned Enterprise has a better
future which we can look forward to.
I am of the firm belief that our State Owned Enterprises by virtue of their unique positions in the industries they operate in, must
provide the platform on which the PNG economy can be built upon into the next century for our children and grandchildren.
We have focused on the energy sector, with developments in the Ramu 2 Project and an early feasibility study tabled on the Karimui
Hydro Dam Project. These two projects are of vital importance to our developing country. They will bring prosperity and new
opportunities never before thought possible. You can read more about these projects in the following pages.
New roads, bridges, other infrastructure, jobs, and businesses will emanate from the many projects our State Owned Enterprises are
involved in. This is certainly an exciting time for our people.
We must not forget our stated ambition to provide electricity to 70 percent of all households in PNG by 2030. This again requires PNG
Power Ltd and the rest of us to perform more efficiently than ever before.
During the past six months, we have also seen significant developments in our agriculture and food projects. One notable example
is the Sepik Plains Special Economic Zone which will see KCH joint venture with local companies to develop a commercial chicken,
hatchery and egg farm. The 5,000 hectare land title will also be used to grow cocoa using new technology that will greatly improve
the yield of each cocoa tree.
Another project is the Pacific Marine Industrial Zone which is likely to provide employment for up to 30,000 people through either
direct employment or associated enterprises. Adding to the viability of the project will be the PMIZ’s multi-function capability; being
able to cater for large container and general cargo ships. The PMIZ will be a high class facility located in Papua New Guinea, providing
exceptional tuna fish products to the rest of the world.
At this juncture, I would like to remind ourselves that it is vital to national interests for our State Owned Enterprises to improve
on their performances as companies competing in the private sector, strive to recruit the best of our young people, train them
and develop them so that they become capable of working anywhere in the world, and more importantly, help our State Owned
Enterprises consistently provide good financial returns to the shareholders, the people of PNG.
Address by Mr Garry Hersey
Managing Director, Kumul Consolidated Holdings
When you read through the pages of our latest edition of The Kumul Review you will learn
of projects that will have a profound effect on our economy and the position of Papua New
Guinea within the region and the world.
Such projects will propel Papua New Guinea into the 21st century and improve the quality of
life for millions of people within the country.
Improved employment prospects, improved infrastructure, improved trade, greater
knowledge and more opportunity – and this will be achieved at minimal cost to the
environment. We have called it our “green future.”
By “green future” we mean a focus on renewable energy sources as can be found in our
Ramu 2 and Karimui Hydropower Projects. Our “green future” also means a focus on food and
agriculture as can be found in our Sepik Plains Special Economic Zone Project and the Pacific Marine Industrial Zone Project.
It has been said that “food is the new oil and land the new gold”. Papua New Guinea’s national wealth and potential is further
evidenced in its rich and abundant marine environments. It is our ambition to overcome various obstacles, whether they are
geographic, economic or demographic, to achieve a better future for the nation of Papua New Guinea.
A “green future” also means a “clean” future. On this note I can report that we have also made significant progress on the
Port Moresby Sewerage System Upgrade Project (POMSSUP).
In the following pages you will learn how we are on track to deliver this important project that will protect and reinvigorate
the marine ecosystems around the coastline of our capital city.
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Kumul Review July 2016
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