Young meets with Marubeni, Powergen

ENERGY Minister Stuart young met with Marubeni and Powergen officials at Powergen, Point Lisas on Tuesday to discuss issues focused on improving efficiency in TT’s power generation.

According to a ministry release, Young, along with permanent secretaries Penelope Bradshaw-Niles and Sandra Fraser, met with a high-level team of officials including Marubeni CEO and managing director for Caribbean Marubeni Power International Inc Mo Majeed and Marubeni general manager, overseas power dept-II Shinnosuke Wantanabe.

The reduction of natural gas consumption and harmful greenhouse gas emissions in the power generating sector were focal points of the discussion.

“Young was also updated on the decommissioning exercise of the PowerGen plant at Wrightson Road, Port of Spain which he noted has been progressing in a safe and satisfactory manner,” the release said.

Marubeni Corporation – established in 1858 – uses its broad business networks within Japan and overseas to conduct a range of business activities including power generation, infrastructure projects, construction, industrial machinery and next-gen business development.

The company began operations in TT in 2007 and has a 39 per cent equity interest in PowerGen, which supplies a significant percentage of TT’s total electricity demand.