MARUBENI- T&T’S ELECTRICITY FUTURE LOOKS BRIGHT
T&T’S ELECTRICITY FUTURE LOOKS BRIGHT
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T&T’S ELECTRICITY FUTURE LOOKS BRIGHT 〰️
Discussing T&T’s electricity future! (From left) Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, The Honourable Stuart R. Young, with Marubeni’s Team Mr. Mohamed Majeed – Marubeni’s Managing Director, Caribbean Operations, Mr. Damian Obiglio – Senior. Vice President Marubeni Power International and Mrs. Sandra Welch-Farrell- CEO, SWF & Co. Public Relations Consultants.
(From left) Posing together are Mrs. Sandra Fraser, Permanent Secretary, Ag. Ministry of Energy and Energy Industries, Ms. Tarisse Austin, Energy International Relations and Affairs Advisor, Ministry of Energy and Energy Industries, Minister of Energy the Honourable Mr. Stuart Young, Mr. Mohamed Majeed - Managing Director, Caribbean Operations, Mr. Damian Obiglio -, Senior. Vice President Marubeni Power International, Mr. Shogo Otani - Senior. Vice President, Caribbean Operations, Marubeni Power International and Mrs. Sandra Welch-Farrell- CEO, SWF & Co. Public Relations Consultants.
MONDAY APRIL 25, 2022: PORT OF SPAIN, TRINIDAD AND TOBAGO – The Marubeni Corporation and Energy Minister Stuart Young are both optimistic about Trinidad and Tobago’s future prospects in electricity generation.
According to Minister Young, “There are several projects under consideration for which have prospects for future collaboration between Marubeni and the Government. The end goal is to ensure that the people of T&T are assured of an efficient and affordable electricity supply.”
Marubeni holds a 39 percent equity interest in the Power Generation Company of Trinidad and Tobago (PowerGen), which supplies 80 percent of T&T’s total electricity demand.
Mo Majeed, chief operating officer (COO) of Marubeni Power International, revealed that the corporation aims to expand its renewable energy ratio to 20 percent by 2023. “We’re already pursuing green energy projects through investments in ammonia and hydrogen,” he said.
Majeed also expressed Marubeni’s desire to continue working with the Government and people of T&T and the wider Caribbean.
With 164 years of history, Marubeni has been creating new value to the global society and is committed to social and economic development and safeguarding the global environment. The Marubeni Corporation, founded in 1858 in Japan and incorporated in 1949, encompasses a diverse range of business activities, including lifestyle, ICT & real estate business, forest products, food, agri-business, chemicals, power business, energy, metals and mineral resources, plant, aerospace and ship, finance and leasing business, construction, auto and industrial machinery, and next generation business development.
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