Vendor Financing basically means KPHL will give the shares to the beneficiaries at no cost and will recoup the payment internally through the LNG revenue.
However, the President of the Peoples United Assembly Party Inc. (PUA) and a clan leader of landowners in the project areas of PDL 1 (Arua -Hiwa Block), PDL 8 (Block 1642 -Pureni), and PDL 9 (Humiya Block), Raymond Kuai said this arrangement will make a mockery of late Hela Governor Anderson Agiru’s decision to purchase 4.27% additional equity in the LNG Project.