Abu Dhabi National Energy Company

Abu Dhabi National Energy Company (TAQA) was founded in 2005 and has since grown into an established energy group with some 2,800 employees. Its interests cover several industries including oil and gas, pipelines, structured finance, power generation and desalination.

The company is 51 percent owned by government body Abu Dhabi Water and Electricity Authority. It was incorporated as a joint stock company and is listed on the Abu Dhabi Stock Exchange with $23.40bn in assets and $4.57bn annual revenues.

Last month, the company announced it was investing $2.50bn in various projects across North Africa. These include expanding generating capacity at the industrial port of Jors Lassar, and a 300-megawatt wind farm project in Morocco.

While announcing its plans to invest in Africa, TAQA also completed a $320m deal for a 50 percent stake in the existing Caribbean portfolio of Marubeni Corporation, Japan’s largest trading company. The deal for the Maurubeni portfolio – which has equity stakes in power, generation and transmission facilities with a combined capacity of 2,300 megawatts – was carried out via a joint venture.
More about the company
Address: Floor 7, ADWEA Research Centre, Jawazat Street PO Box 55224 , Abu Dhabi, UAE

ADNEC, TAQA

Joint stock

6 July 2005

Public

971 2 6914900

971 2 6422555

info@taqa.ae

www.taqa.ae

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Officers »
Board of Directors Position
Hamad Mohammad Al Hur Al Suwaidi
Chairman
Ahmad Saif Al Darmaki
Vice Chairman
Abdullah Saif Al Nuaimi
Board Member
Mohammed Abdulrahim Foulad
Board Member
Salem Saleh Al Sayaari
Board Member
   
Management Position
Doug Fraser
Chief Financial Officer
Ryan Wong
Vice President - Treasury
Manu Mehra
Vice President - Acquisitions and Divestitures
Frederic Lesage
Vice President - Integration and Optimization
David Johnson
Vice President - Human Potential, Upstream Exploration and Production
View all
Major Shareholders
Name Country
Abu Dhabi Water and Electricity Authority
UAE
Farm Owners Financial Support Fund
UAE
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Cover Story 5

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