2 December 2015 |
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The Chairman of the Tonga Gas and Homegas Limited, Mr. Malakai Lomu Sika, together with his board members, Mr. Robert Mathews, Mr. Ringo Fa’oliu, Mr. Steven ‘Esau, and CEO Dr. Peni Fukofuka, presented to the Chairman of Tonga Power Limited, Mr. Carl Sanft, two cheques total of $200,000 for dividend declared during its Annual General Meeting of Tonga Gas/Homegas Limited, on Tuesday, 1st December 2015. Tonga Gas Limited and Homegas Limited are subsidiaries of Tonga Power limited. |
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Also present in the Annual General Meeting was Mr Sione ‘Akau’ola, CEO for the Ministry of Public Enterprises, representing the Government of Tonga, who is the shareholder of Tonga Power Limited. Mr ‘Akau’ola also expressed the appreciation on behalf of the Minister of Public Enterprises to Chairman of Tonga Power Limited and for foresight and taking the initiative to purchase the two gas companies and to be locally owned. The cost savings from these acquisitions are all passed on to the people of Tonga through a more stable and reduced tariff. |
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This is the first time for the two gas companies to pay dividend since its operation in Tonga. |
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The Chairman of the Tonga Power Ltd and board of directors were grateful for the dividend paid by Tonga Gas Ltd and HomeGas Ltd in spite of the difficult times that the two companies faced financially over the years. |
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Following the dividend presentation, Mr. Carl Sanft conveyed to the chairman and board of directors and the CEO of Tonga Gas Ltd and HomeGas Ltd his appreciation for all their hard work over the year. |
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