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TAQA completes $330m financing for Ghana power plant expansion
- United Arab Emirates: Monday, January 28 - 2013 at 05:19
Abu Dhabi National Energy Co (Taqa) has said it has completed with its partner, Volta River Authority, the main generator and supplier of electricity in Ghana, a $330m financing for the expansion of a power plant in the African country, Dow Jones has reported. Taqa, 75% owned by the government of Abu Dhabi, will expand the Takoradi 2 (T2) power plant's capacity from 220 megawatts to 330 megawatts without requiring additional fuel and the extra energy will be sold to Volta River Authority under the terms of a revised 25-year power-purchase agreement. The expanded plant is scheduled for commissioning in 2015.
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