State Owned Enterprises (SOEs)

Plans To Resolve Power Outages

An explanation has been given for the continuous power outage in the city, and it seems it all has to do with infrastructure needing an upgrade.

State Enterprises Minister William Duma said nearly all transmission lines in the grid and the equipment from the sub-stations are old and require replacements.

SOEs due for restructure

As a result, SOEs are in for a restructure under the new Minister, Sasindran Muthuvel, who was the then West New Britain Governor.

“State Owned Enterprises are not declaring dividends to state,” said Marape.

“Many are working outside Treasury’s scrutiny. Many of our SOEs are building empires of their own. There will be a restructure in our SOEs. There will be greater visibility in Kumul Consolidated Holdings, we will set up other Kumul subsidiaries and the minister for SOE will be in charge of those areas.”