Japanese company interested in investing in energy, sugar

A Japanese multinational firm, Marubeni Corporation, has expressed interest in investing in the energy and sugar sectors of the country.The move is to further boost socio-economic ties between Ghana and Japan.

The Senior Managing Executive Officer of Marubeni Corporation, Mr Shigeroe Yamazoe, made this known when he led a six-member delegation to pay a courtesy call on the Vice-President, Mr Kwesi Bekoe Amissah-Arthur, at the Flagstaff House yesterday.

Marubeni Corporation    
Marubeni Corporation is one of Japan’s major integrated trading conglomerates, also known as “Sogo Shosha”.

The company has five groups and 12 divisions and is developing business in a broad range of fields.

Its areas of interest include transportation machinery, power projects and infrastructure, plant and industrial machinery, metals and mineral resources.

Mr Yamazoe said the corporation was interested in collaborating with the government to support the energy sector as an independent power producer (IPP) to augment energy delivery in the country.

He also said the sugar industry was expected to see a boost with the setting up of a new sugar plant.

The Vice-President recalled that relations between Ghana and Japan dated as far back as the 1950s.

He said the doors of the country were opened to investors, stressing that the government had created a sustainable investment climate in the country for the benefit of the people.

Mr Amissah-Arthur was particularly pleased with the corporation’s decision to invest in the energy sector.

He explained that demand for electricity far outstripped supply, for which reason the government was exploring ways to expand power generation.

“We encourage more independent power producers to come in and support,” he stated.

On the issue of the establishment of a sugar refinery, Mr Amissah-Arthur welcomed the idea and urged the group to consider establishing the plant in the northern part of the country where there is a vast land for the purpose.

Writer’s email: sebastian.syme@graphic.com.gh

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