The Board and Management of PNG Power have noted with grave concerns the comments and actions of the Minister for Communications and Energy Hon. Rainbo Paita in the media recently.
PNG Power is a Majority State Owned Enterprise operating under the oversight of its Board and reporting to the Trustee Shareholder Kumul Consolidated Holdings (KCH) as stipulated under the KCH Act.
The Minister does not have any powers to direct or interfere with the affairs of PNG Power unless such directions or decision are approved by the National Executive Council (NEC) and validated or effectuated by relevant Gazettal Notice for implementation.
PNG Power is managed by its Annual Operating Plan coupled with its Strategic Corporate Plan. We have a clear Reform Agenda that is being implemented to address, amongst other matters, the legacy issues that have been inherited over many years, and plot an ideal way forward for this iconic national company in delivering electricity service to its legitimate customers.
PNG Power Board Chairman Peter Nupiri shared these sentiments, in response to Communication & Energy Minister Renbo Paita’s recent actions, in support of the Energy Workers Association (EWA).
Picture courtesy: PPL FB page