• PNG Business News

Limawo Clears Air On Turubu Oil Palm Project


The K1.2billion Turubu Oil Palm project in East Sepik Province is in operation, says Limawo Holdings Limited company secretary Willie Nilmo.


Mr Nilmo told the Post-Courier that project is in full operation and harvesting is complete except for three estates, or divisions, which is under dispute between another faction called the Paruwia Holdings Limited.


He said harvesting is carried out in the other 56 Integrated Land Groups (ILGs) from the Turubu coast all the way to Sauso in the Yangoru Sausia district.


Nilmo said because there were disagreements amongst themselves, the developer, Wewak Agriculture packed up and moved to Angoram where the mill was built and is currently in its testing stages.


He added that after the Special Agriculture Business Lease (SABL) was dismissed by the national court and the land was given back to the people owning almost 11,840 hectares, they then have decided for the project to continue…which it did.


However, due to disagreements amongst the executives from Limawo of which Aaron Malijiwi was the former chairman but was replaced with James Dawa who was the deputy at that time.


Due to these differences Mr Nilmo said, three estates between Samawia and Parua villages of Turubu inland was abandoned by the developer.


“That is a total of 700 hectares for the three estates and not 10,000 hectares as claimed by Aaron (in a previous media report).


Because he put a stop to those areas the developer did not want to maintain but left it and moved on to building the mill at Mundomundo in Angoram.


We are currently doing test runs on the mill using fruits harvested from the other estates or divisions from the 56 ILGs,” he said.


Limawo chairman James Dawa added that work still continues at the project area seeing 1,700 people being employed to work at the nurseries and harvesting of the fruits.


Mr Dawa said there are currently five division compounds for the employees who are working tirelessy to ensure the two storage tanks are filled in time for commissioning any time this year.


He said the investor is playing its role, and work is continuing, however, for the estates that are in dispute they are losing revenue close to K30million.


“We are not working against Aaron, we understand that he is the initiator of the project, however, he must come to terms and let work continue without further hindrances.


“We would also like to assure our financial contributors that you are safe and we (Limawo) will take care of your shares when we come to it,” he said.


Limawo as a holding company has also taken a restraining order against Mr Malijiwi and Paruwia Holdings Limited with regards to the project.


The executives said government agencies and other organisations should refrain from dealing with Paruwia or will be subject to contempt.

Continue reading at https://postcourier.com.pg/limawo-clears-air-on-turubu-oil-palm-project/ | Post Courier

PNG Business News

2nd Floor, Suite 6,

Corinthian Plaza Building,

Paseo De Roxas, Legaspi Village,

Makati, Philippines

Phone: +632 251 5599

Subscribe to Our Newsletter

  • White Facebook Icon

© PNG Business News