• 17 Nov 2008
  • Global

TAQA Strengthens Presence in Africa and India

ABU DHABI, United Arab Emirates – The Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Market (ADX), today announced two senior appointments to strengthen the company’s operations in India and Ghana.As part of the company’s ongoing commitment to developing its business across Asia and Africa, Ramanathan Balachandar will join TAQA’s Indian headquarters as President CEO of STCMS, a TAQA’s subsidiary , and Osafo Adjei has been appointed General Manager at the company’s operations in Ghana.Commenting on the appointments, Peter Barker Homek, CEO of TAQA said: “I am delighted to announce the appointments of Balachandar and Osafo to our ever-expanding teams in India and Ghana. Both of these men have extensive expertise in their respective fields and are ideally qualified to drive the future growth and expansion of TAQA’s operations across Asia and Africa.”Based at Chennai in India, Ramanathan Balachandar will be responsible for the overall management of the TAQA’s facility Neveyli Power Plant. In addition, Balachandar  will play an active role in the sourcing and assessment of new business opportunities for TAQA in India. Balachandar joined TAQA in May 2007 when TAQA acquired Takoradi. With over 27 years of experience in the power industry, Balachandar has extensive knowledge and experience in large thermal power plants and an in-depth understanding of the energy industry across India. Prior to joining TAQA he worked for CMS power generation for 6 years, a company which TAQA acquired in 2007.As General Manager of TAQA’s Takoradi Thermal Power Utility in Ghana, Osafo Adjei’s will be responsible for the strategic management of the plant, to enable TAQA to drive the growth of the plant’s diversified potentials, including power, oil and gas, in Ghana and in the West African sub-region. Osafo is a management and communications specialist with over 15 years experience with Ghana’s public power utility, Volta River Authority. Osafo has worked for TAQA for one year, and prior to joining TAQA he worked at TICO for CMS power generation, a company which TAQA acquired in 2007.  Osafo’s first task is to lead the expansion of Takoradi to a 330 MW CCGT.- ENDS -Contact Information for Media:Allan Virtanen
TAQA Media Relations, Abu DhabiTel +971 2 691 4894; Mob +971 56 685 2717
Allan.Virtanen@taqa.comAbout TAQAEstablished in 2005, TAQA is a diversified international energy group headquartered in Abu Dhabi, the capital of the United Arab Emirates, and listed on the Abu Dhabi Securities Exchange (ADX: TAQA).TAQA’s business is made up of three operating divisions spread across the entire energy value chain: power generation & water desalination; oil and gas exploration & production; and emerging & alternative energy technologies.Power & Water: TAQA is one the largest independent power producers in the world and the majority owner of the facilities that provide 98% of the water and electricity requirements in Abu Dhabi. TAQA’s power plants are located in the UAE, Morocco, Oman, Saudi Arabia, Ghana, India, and USA.Oil & Gas: with operations in Canada, UK, the Netherlands, USA and Iraq, TAQA’s oil and gas business includes exploration and production, underground gas storage and pipeline transportation.Emerging & alternative energy technologies: TAQA Energy Solutions is dedicated to alternative and technology-driven energy initiatives for long-term efficient energy production and generation. TAQA’s vision is to deliver ‘Energy for Growth’: growth within the business; social and economic progress in the communities where TAQA operates; and increased value for our shareholders.Over the past 40 years the UAE and Abu Dhabi have pursued a vision embodied by progressive development, investment and the highest global standards. TAQA is proud to align its strategy both domestically and globally to Abu Dhabi’s economic vision 2030, working towards sustainable economic development. For more information about TAQA visit: www.taqa.com or Twitter: @TAQAGLOBAL

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