NEC names acting chief for KPPA

Business, Normal

The National,Friday13January 2012

THE National Executive Council has appointed Konebada Petroleum Park working group’s project manager Donald Valu as the acting chief executive officer of the Konebada Petroleum Park Authority.
Valu will report directly to the KPPA board of directors which was now in the process of being appointed by the Minister for Petroleum and Energy and the NECIn its latest decision, the NEC revoked any previous appointments of the chief executive officer for KPPA and appointed Valu as the acting CEO for three months.
With the appointment of the acting CEO, all functions and operations including assets and liabilities currently overseen by the working group will be transferred to KPPA.
Valu said the KPPA has a “mammoth task ahead” to develop the industrial park as it was well behind schedule with the PNG LNG project developments progressing ahead full steam.
“My immediate task will be to recruit key people to fill in key positions to ensure that the authority is operating effectively to develop this key infrastructure and also implement key government decisions in relation to the Industrial Park,” Valu said.
The authority was created by an Act of Parliament in 2009 to administer and facilitate the government’s interest and participation in the multi-facet and massive liquefied natural gas-based industrial developments that were expected at Portion 152 and adjacent areas to the gas processing and shipment facilities of the PNG LNG project that will be generated as a result of the huge LNG-related industrial activities.
The KPPA is a trading enterprise wholly owned by the state, governed by an independent board operating on commercial terms to establish and manage an industrial precinct to facilitate and service the LNG downstream and related purposes.