Africa, Business, invesment, Invesments, news, Uncategorized, World Bank, World Bank Group

Africa News January 23, 2014 at 09:05AM

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VENTURES AFRICA – Abu Dhabi National Energy Company, TAQA, has revealed plans to build an energy facility that will generate 300 megawatts of power at the Takoradi Thermal plant in Ghana.

The energy company also expressed interest in helping Ghana in liquefied natural gas to undertake industrial activities.

This decision was reached at the Emirates Palace Hotel in Abu Dhabi this week following a meeting held by the delegates of Ghana’s President John Dramani Mahama and the management of TAQA Group of Companies. The president and his delegates have been in the Arab nation where they attended the Abu Dhabi Sustainability Renewable Energy conference and held discussions with other leaders.

The plant will make the precarious power situation in the country a thing of the past, and pave way for Ghana to become a net exporter of power, Ghanaian president, Dramani Mahama said.

With active involvement and partnership of the private sector, President Mahama said the country is on course to achieve its goal of generating 5,000 megawatts of power by 2016.

“What we really need now is the Liquefied Natural Gas in addition to what we have to streamline our supply and consumption in the country,” President Mahama explained.

TAQA, which is Ghana’s largest UAE investor, says with the additional 300 megawatts of power and the Liquefied Natural Gas, it would also enhance the supply of electricity and potable water to the Western and Central regions of Ghana.

The additional 300 megawatts would be built upon completion of another facility at a plant that will generate 110 megawatts by the end of this year.

 

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