By SEPKOLIN WALNE
Petroleum and energy are key drivers of economic development, says Kumul Consolidated Holdings Limited (KCHL) Deputy Managing Director Troy Dean.
He said his during the Petroleum and Energy Conference panel discussion on “Energy as the Building Block for Economic Growth.”
“Kumul Consolidated Holdings as a shareholder continues to translate the vision into results,” Mr Dean said.
“We are ensuring that enterprises are well governed, financially disciplined, and aligned to the nation’s priorities. We are ensuring that the enterprise’s performance and accountability as a shareholder.
“As the population and economy grow rapidly, the overall energy demand in the nation is increasing, in collaboration with the National Energy Authority.
“As PNG marks its 50th anniversary of independence, we enter a new era of transformation in the realm of enterprises through sound governance, strategic partnerships, and a shared national vision.
“The energy sector is being developed as the engine of growth. Our partners in government, industry, and development have established the necessary frameworks.
“Confidence is returning, and opportunities for collaboration are expanding. Together, we can drive the next 50 years of prosperity for our people, our economy, and our nation,” Mr Dean said.