Tonga Power Limited



                                                                  BOARD OF DIRECTORS

Tapuvakai Panuve final

Mr. Tapuvakai PANUVE

Position: Chairperson

 Maliu Takai final

Mr. Maliu TAKAI

Position: Deputy Chairman

 Dr. Tevita Tukua final

Dr. Tevita TUKUNGA

Position: Board Member  

 Saimone Helu final

Mr. Saimone HELU

Position: Board Member

 Saia Penitani final


Position: Board Member

Tuna Likiliki final


Position: Board Member

Maika Haupeakui final


Position: Board Member


Tonga Power Limited is part of the Utilities group and its board of directors are shared with Tonga Water Board and Waste Authority Limited. The shared board was originally appointed for a one-year term.


Tonga Power Limited was established in 2008 through the acquisition of the power assets formally owned by the Shoreline Group. The Act governing the operations of Tonga power is the Electricity Act 2007. Pursuant to Section 20 of that Act, Tonga Power Limited (TPL) has been granted a concession to generate and supply power throughout Tonga. While the Concession is for an open period, it can be terminated by the Government upon giving not less than three and not more than six months notice prior to the Reset Date. The first Reset Date was 2015 and the company successfully negotiated a new Reset Date, expiring in 2020.

The SOE has two operating subsidiaries, Home Gas Limited and Tonga Gas Limited, the latter was acquired in 2015. Home Gas Limited was purchased from Tonga Investments Limited, which was another SOE.

Tonga Power paid the government a dividend of T$2 million in 2015. Dividends paid since 2010 total T$7.2 million.

The government has set a target to achieve 50% of electricity generation from renewable energy sources by 2020. As at 30 June 2015 renewable sources comprise 8.9% of electricity generation.  Tonga Power is regulated by the Electricity Commission.

Vision and Mission

Safe, reliable and sustainable and affordable service to the people of Tonga.

Financial Highlights

Audited Financial Highlights (T$’000) 2016 2017 2018 2019 2020 5-yr Average
Revenue 51,623 58,247 65,145 69,542 67,733 62,458
Net Profit After Tax 5,505 5,434 5,196 2,641 (698) 3,616
CSO payments
Total Assets 133,614 141,216 144,412 174,876 167,752 152,374
Total Liabilities 75,173 81,108 82,409 111,020 105,797 91,101
Shareholders’ Funds 58,441 60,107 62,004 63,856 61,955 61,273
Avg. ROE % 10% 9% 9% 4% -1% 6%
Avg. ROA % 4% 4% 4% 2% -0.4% 3%
Asset Utilization 39% 41% 45% 40% 40% 41%
Cash / Current liabilities 0.37 0.41 0.20 0.18 0.11 0.25

Important Documents


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