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Marubeni TAQA Caribbean and Grand Bahama Power Company Pledge Cash and Technical Support to Haiti

February 1, 2010

Marubeni TAQA Caribbean (MTC), owners of utility assets in four Caribbean nations, has pledged US$50,000 as well as technical support of recovery efforts in earthquake-ravaged Haiti.

In announcing the support, MTC’s President & CEO Tom Samson said, “MTC felt it imperative to express in a tangible manner our solidarity with the Haitian people in assisting with their recovery from this unprecedented disaster. We have also asked our operating affiliates in the Caribbean region to participate in technical assistance efforts currently under way. We offer our heartfelt condolences to all the families that have been affected by this tragedy.”

Additionally the MTC-owned electric utility companies in Grand Bahama and Jamaica intend to participate in the restoration efforts being coordinated by the Caribbean Electric Utility Service Utility (CARILEC) once international utility crews receive the necessary clearances from the Haitian authorities.

As a part of its contribution to the relief efforts in Haiti, Grand Bahama Power Company (GBPC) has made an initial cash contribution to the CARILEC organization, while its employees have taken up a collection for donation to the Salvation Army to support the work in Haiti. As an added incentive to its employees, GBPC matched their employee contribution.

Marubeni TAQA Caribbean owns 55% of the shares in Grand Bahama Power Company.