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Abu Dhabi National Energy (known as: Taqa) is a public company, based in Abu Dhabi (UAE) and was established in June 2005. Taqa is listed on the Abu Dhabi Securities Exchange (ADX) since September 2005. It is one of the largest independent power producers in the world and the major owner of the facilities that provide 98 per cent of the water and electricity requirements of Abu Dhabi. The company has 82 subsidiaries operating across Southern and Central Asia, British Islands, North America, Western Europe, the Caribbean, Eastern Africa, Northern Africa, New Zealand and Australia, the Nordic Countries and the Middle East. The company's principal activities include the ownership of and investment in companies engaged in power generation, water desalination and development, the production and storage of oil and gas, in addition to other investments as considered appropriate to meet its objectives. The company is also engaged in the exploration, production, and development of natural gas, crude oil, and natural gas liquids, along with oil and gas processing, natural gas storage, and transport activities. It has a water desalination capacity of 917 million imperial gallons per day; power generation capacity of 17,410 megawatt; and reserves of approximately 485 million barrels of oil equivalent.
Abu Dhabi National Energy Co is talking to banks to obtain loan facilities of up to $1.3 billion which ...Read More ...
Abu Dhabi National Energy Company (Taqa), a leading global energy company headquartered in Abu Dhabi ...Read More ...
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