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22.05.2007 General News

Ghana-TAQA partnership must be a win-win affair – Kufuor


President John Agyekum Kufuor has said that any partnership deal between Ghana and TAQA should be based on fairness and a "win-win" for both parties.

TAQA, based in the United Arab Emirates is the new majority shareholder of the Aboadze Thermal Plant.

"Ghana would welcome partnership on fair basis," President Kufuor said in a brief opening remarks at his first meeting with a delegation of the company that has taken over the 90 per cent shares in the energy generation plant, which until recently was held by CMS Generation of the United States.

He said the partnership arrangement should bring with it mutual benefit so that they would be held together.

Mr. Peter Barker-Homek, Chief Executive Officer of TAQA, who led the delegation to the Castle, Osu, said the company was in the country to be "part of Ghana's present as well as its future."

He said TAQA, which had a total investment of 14 billion US dollars in nine countries, was hoping to be part of the solution to the energy crisis facing the nation.

The Ghana Government owns 10 per cent shares in the Aboadze Thermal Plant.

Source: GNA