Tonga Airports Limited (TAL), Ports Authority Tonga (PAT) and Friendly Islands Shipping Agency (FISA) Board of Directors on 09 November 2017 declared total dividend payment of $4,773,777.00 for the financial year 2016/17 during the Annual General Meeting at the Ports Authority Tonga’s Head Office at Queen Salote Wharf
The Chairman of the Board of Directors for Transportation Sector, Mr. Stephen Edwards, presented Ports Authority Tonga’s dividend payment with a cheque of $2,664,230.00, Tonga Airports Limited with a cheque of $2,000,000.00 and Friendly Islands Shipping Agency with a cheque of $109,547.00 to Hon. Poasi Mataele Tei, in his capacity as the Minister for Public Enterprises and the representative for the Shareholder – Government of Tonga.
From (L-R) – Sione ‘Akau’ola (CEO- MPE), Mr. Etikeni Samani (Manager Risk & Compliance), Hon. Poasi Tei (Minister for MPE), Mr. Viliami Takau (Director), Dr. Capt. Sione Tu’itupou Fotu (Deputy Chairman – Board), Mrs. Helen Po’uliva’ati Toli (Director), Mr. Iketau Kaufusi (Manager Infrastructure & Technical), Mrs. Audrey Liti (Corporate Services), Mr. Stephen Edwards (Chairman – Board), Mr Halloween Kisina ( Manager Operations), Mr Mosese Lavemai (CEO- PAT), Capt. Hakaumotu Fakapelea (Port Master) and Mr. ‘Alo Maileseni (Chief Finance Officer)
From (L-R) - ( Pita Ha’angana (Chief Financial Officer), Hon. Poasi Tei (Minister for Public Enterprises), Mr. Viliami Takau (Director), Dr. Capt. Sione Tu’itupou Fotu (Deputy Chairman - Board), Mrs. Helen Po’uliva’ati Toli (Director), Viliami Ma’ake (CEO for TAL), Mr. Stephen Edwards (Chairman of the Board). And Sione ‘Akau’ola (CEO for MPE)
From (L-R) – Mr. Viliami Takau (Director), Hon Poasi Tei (Minister for Public Enterprises), Dr. Capt. Sione T. Fotu (Deputy Chairman), Mrs Helen Po’uliva’ati Toli (Director), Mosese Fakatou (CEO for FISA), Mr. Stephen Edwards (Chairman- Board), Sione ‘Akau’ola (CEO for MPE), Seini Fifita (Chief Finance Officer) and other representative from FISA.
The Minister for Public Enterprises, Honorable Poasi Tei was presented with a cheque of TOP$7,319,219.00 by the Chairman of the Common Utilities Board of Directors, Mr. Carl Sanft as the Combined Utility Dividend and Tax payment for the financial year 2016/17.
The Minister of Public Enterprises, Hon. Poasi Tei received a cheque with a total of TOP$7,319,239.00 from Chairman of the Shared Utiliteis Board, Mr. Carl Sanft as dividend and tax payment for Financial Year 2016/17
The Annual General Meeting (AGM) for the Utility Sector was held on 10th November, 2017, at Tano'a International Dateline Hotel, Nuku'alofa. The Utility Sector is consist of Tonga Power Ltd, Tonga Water Board, Waste Authority Ltd and Tonga Gas Ltd.
Total combined dividend and tax payment of $7,319,239 comprises of total combined dividend payment of $4.38 million to Government that is, 62.6% of the combined net profit for this financial year and total combined tax expenses of $2.9 million to Government.
The 2016/17 financial year sets the record for the highest dividend and tax payment declared by the Utility Sector amongst the Public Enterprises.
(L-R)- Mr. Malakai Lomu Sika (CEO- WAL), Mr. ‘Aisake Tu’iono (Director), Mrs. Fuiva Kavaliku (Director), Dr. Nailasikau Halatuituia (Deputy Chairman), Hon. Poasi Tei (Minister for MPE), Mr. Carl Sanft (Chairman), Mr Robert Matthews (CEO – TPL), Mr. Sione ‘Akau’ola (CEO – MPE), Mr. Sione Tutulu Finau (A/CEO – TWB) and Mr. Sione Taione (Director).
Tonga Power achieved another exemplary financial result in 2017 recording an after tax profit of $5.53 million compared to $5.49 million last year (FY2015/16).
Tonga Power Limited (TPL) and Tonga Gas Limited (TGL) declared $3.3 million to Government this year (FY2016/17) compared to $3.286 million last year (FY2015/16).
Total tax expenses at $2.5 million this year (FY2016/17) compared to $0.87 million last year (FY2015/16). Total dividend including tax is $5.82 million compared to $4.17 million last year. Total dividend including tax since started in 2008-2017 is $14.6 million.
This year, Tonga Water Board (TWB) has declared Government dividend of $1,030,000 (FY2016/17) as compared to $1,027,000 last year (FY2015/16). TWB achieved a net profit after tax of $1,243,262 as compared to $1,373,784 of last year. TWB is paying $457,928 as income tax payment for 2016/17 FY.
Waste Authority Limited (WAL) has achieved a net profit after tax of $284,526 for this financial year (FY2016/17) compared to $229,652 of last financial year (FY2015/16). This is the third year in progression that the company has achieved net benefit from its operations. WAL declared a dividend of $50,000 again this year.
After declaration of dividend from these PEs (Tonga Power Ltd, TWB, WAL and Tonga Gas Ltd), the Hon. Minister for Public Enterprises acknowledged the hard work that have been carried out by the Chairman, Board Members, CEOs & all Staffs of these 3 PEs for their perseverance and great support towards their business plan.
Hon. Minister of Public Enterprises, Hon. Poasi Mataele Tei, continued on leading the Tonga Water Board (TWB) delegation with 9 members attending the 10th annual conference of the Pacific Water and Wastewater Association (PWWA) from Monday 07th - 11th August at the Sheraton Aggies Hotel in Apia, Samoa. This year's annual conference for the first time had a special program for Young Water Professionals from the PWWA member utilities in Pacific Region. The PWWC was hosted by Samoa Water Authority and co-host organizations - the Water and Sanitation Sector of MNRE and the Samoa Independent Water Schemes Association.
The delegation from Tonga consists of the Hon. Minister for Public Enterprises, Hon. Poasi Tei, CEO for Public Enterprises, Mr. Sione 'Akau'ola, Acting CEO for Tonga Water Board, Mr. Sione Finau, TWB Board of Directors, TWB management team - Ms. 'Elisiva Tapueluelu and Mr. Matiu as a young engineer to participate in the Young Professionals program. The number of registration participants for this year's conference was a little over 300 - considerably more than previous years.
This year's theme was "Water Supply in a Changing Environment" which directly recognizes the increasing threats of climate variability, climate change and natural disasters and its impact on safe and sustainable water and adequate sanitation for Pacific nations.
The agenda for the week-long conference began with a traditional welcoming kava ceremony on the very first day. The official opening of the 10th Pacific Water and Wastewater Conference & 3rd Pacific Water Ministers Forum was held on Tuesday 8th August, which was declared opened by the Deputy Prime Minister of Samoa, Hon. Fiame Mataafa.
The Ministerial Forum held straight after the opening with an aim to discuss and affirm the strategic direction and focus of the annual Pacific Water Ministers Forum as part of the regional infrastructure to better deliver on the 2030 Sustainable Development Goals (SDG). Deputing this year's ministerial forum, the Minister of Public Enterprises, Hon. Poasi Tei shared Tonga's respective progress highlighting the Common Utilities Sector whereby Power, Water and Waste are combined as one segment going forwarding. Hon. Minister Tei remarked on the implementation of joint venture for smart metering of Power and Water, which is scheduled to be completed by mid-next year.
PWWA confirmed that Noumea will host next year's conference, the 10th Pacific Water Conference, 4th Pacific Power, Wastewater Association (PWWA) Ministerial Forum.
Source: Tonga Power Limited
Tonga's Hon. Minister for Public Enterprises leads Tonga's Delegation at the 26th Pacific Power Association (PPA) Conference
The Hon. Minister for Public Enterprises, Hon Poasi Mataele Tei, leads a delegation of 10 members to attend this year's 26th Annual PPA Conference hosted by Samoa Electric Power Corporation for the second time, which was held at the Sheraton Aggie Greys Hotel in Apia, from 31st July - 04th August 2017.
The Tonga delegation consisted of Government officials, Utilities Board of Directors, CEO and management of Tonga Power Limited. The delegation also included CEO of Public Enterprises - Mr. Sione 'Akau'ola, CEO of Tonga Power Limited - Mr. Robert Matthews, members of the Tonga Power Limited's Board of Directors and the Board Common Secretariat Cassandra Vaea together with three engineers from Tonga Power Limited - Mr. Finau Katoanga, Mr. Samisoni Fatai and Mr. Viliami Palaki.
Each year, the conference gains more participants and offered delegates a combination of speeches, donor showcase sessions, technical presentations, Utility Board Members workshop and the Trade Exhibition of products and services by Allied Members. In this year's conference, there were 250 participants from all over the Pacific attending the six-day conference. They discussed issues around challenges of affordable electricity; energy storage; maintenance of hybrid power generator systems and so forth.
The 26th Annual Pacific Power Association and Trade Exhibition was officially opened on Tuesday 01st August 2017 by the Hon. Minister of Samoa, Tuilaepa Sailele Malielegaoi, the theme was "Affordable Electricity for All".
PPA is an inter-governmental agency and member of the Council of Regional Organizations in the Pacific (CROP) committed to promote the direct cooperation of the Pacific island power utilities in technical training, exchange of information, sharing of senior management and engineering expertise and other activities of benefit to the members. The CEO for Tonga Power Limited, Mr. Robert Matthews is a member of the PPA Board of Directors.
The PPA Secretariat confirmed that Palau will be hosting next year's conference, which is the 27th Annual PPA conference.
Source: Tonga Power Limited
Na'e hopoki 'e he Tama Tu'i Tupou VI 'a e vaka hono 2 ko e MV Maui ma'ae kainga 'o e Funga fonua 'i he ho'ata Monite 14 'Aokosi 2017 'i he taulanga Faua, Nuku'alofa.
Ko e Tama Tu'i Tupou VI 'i he'ene 'afio ki he ngaue kuo lava, ko hono hopoki e vaka hono 2 ma'ae kainga 'i he Funga Fonua
Kuo mokoi e finangalo 'o 'ene 'Afió ke fakahuafa 'a e vaká ko e MV Maui pea 'omai mei 'Ofisi Palasí mo e fakamatala koe'uhi 'oku lahi 'a e hä e hingoa Maui he ngaahi mätanga 'o 'Eua.
'I he fakamatala 'a Sunia Fili, ko e Sea 'o e Poate Vaka, na'a ne pehë ko e vaka ni na'e fo'u ia he 1990 ko e vaka 'alaminiume, 'e he kautaha ko e Wavemaster International Proprietary Limited 'o Western Australia, pea na'e fo'u ia 'o fakatatau ki he Classification Rules 'a e Det Norske Varitas (DNV) 'o Noaue pea ke ne fai folau 'o a'u ki he maile tahi 'e 200 mei he matä fanga.