Ghana invites TAQA to expand energy project
Abu Dhabi National Energy Company to expand its work in Ghana
John Dramani Mahama, president of Ghana, has invited TAQA, the Abu Dhabi National Energy Company, to develop additional power and water infrastructure following the company's expansion project last year.
President Mahama and Carl Sheldon, TAQA’s chief executive officer, discussed the company’s presence in Ghana and its role in supporting growth through its power plant in Takoradi.
Last year, TAQA raised $330mn for the expansion of the Takoradi plant. TAQA converted the plant from oil-fired to one fuelled by natural gas. The current expansion project will increase the plant’s output, without requiring additional fuel.
"The Takoradi power plant is one of our vital resources. It has a key role in our economic vision, and its potential is key to our growth. And yes, we are looking forward to upgrading that potential, significantly," said President Mahama.
Frank Perez, TAQA’s executive officer and head of global power, said: "We have a strong history of close relations with Ghana, and we discussed building on the close co-operation that already exists between TAQA and Ghana's Volta River Authority, especially over the expansion of the Takaoradi 2 Thermal Power Project, which represents approximately 15% of Ghana's installed capacity."
The recent meeting at the Emirates Palace Hotel in Abu Dhabi also included Khalid Al Ghaith, the UAE Assistant Foreign Minister for Economic Affairs, Emmanuel Buah, Ghana's Minister of Energy, Frank Perez, TAQA's Executive Officer and Head of Global Power, and Khaled Al Sayari, TAQA's Group Vice-President of Strategic Relationships and Public Affairs.