Expansion works on the Takoradi 2 thermal plant to generate an additional 110 megawatts of power is progressing steadily, according to officials of the Takoradi International Company (TICO). The $330 million project, which is expected to be completed in the last quarter of 2014, is being financed by the International Finance Corporation (IFC), with support from a consortium, including the OPEC Fund and the African Development Bank (AfDB). The Managing Director for TICO, Nana Osafo Adjei Kantanka , told the Minister for Energy and Petroleum, Emmanuel Armah-Kofi Buah , that the work is on schedule and, "barring any unforeseen circumstances, would be completed by the end of October next year". This was during a tour of the facility by the Minister early this week to abreast himself with the progress of work. Mr. Kantanka said so far, there had not been any work place accident, adding that the company has an excellent record of performance, reliability and safety in its operations in the country more than a decade ago. He said safety was their hall mark and gave the assurance that the partnership among various stakeholders will be strengthened. For his part, Hon. Buah said he was impressed with the safety record of the company and charged them to maintain it. He said Ghana was on course to achieve her targeted installed generation capacity of 5000MW by 2016 and called on all Ghanaians to support the government to deliver on its goals in the energy sector.
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