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TAQA strengthens presence in Africa and India

  • United Arab Emirates: Monday, November 17 - 2008 at 15:28

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.

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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 and 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.
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Notes and media contacts

About Abu Dhabi National Energy Company PJSC (TAQA):

Founded in 2005, TAQA (Abu Dhabi National Energy Company (PJSC)) is a global energy company with a growing asset base of Dhs85bn. One of the largest companies listed on the Abu Dhabi Securities Exchange (ADX), with 2007 revenue of more than Dhs8bn, TAQA is a flagship corporation for the Government of Abu Dhabi.

TAQA's strategic goal is to build and operate a geographically diverse global portfolio of energy businesses across the value chain. It has operations in power generation, water desalination, upstream oil/gas, pipelines, and gas storage.

TAQA employs approximately 2,800 people from 41 different nations and operates from its offices in: Abu Dhabi; Ann Arbor, Michigan; Aberdeen; Amsterdam; Calgary and The Hague. This footprint is further extended through alliances with partners across Africa, the Middle East, Europe, North America and India.

TAQA carries Aa2 and AA- credit ratings from Moody's and S&P respectively.


For further information, please contact:

TAQA, Abu Dhabi, UAE
Reem Al Midwahi
Tel: +971 2 6914940

Mr. Jonathan Ellis, Capital MS&L
Tel: + 971 4 367 6172
UAE

Ms. Claire Maloney, Capital MS&L
+44 207 307 5341

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