Pipeline Segment 1

Hela Pipeline group agree to vendor finance

Chief of Nali Clan, George Nali, said this on behalf of his people when agreeing to exercise the vendor finance  option to acquire shares in Kroton No 2 Limited.

In a media statement from KPHL, Nali commended the Government for reducing the option price bought per percentage from $US240 million to

$US150 million and that the vendor finance option a generous offer to landowners to exercise the option without paying any fees.