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

Related articles

Abu Dhabi's TAQA signs Yen loan to help repay upcoming debt

Abu Dhabi's TAQA signs Yen loan to help repay upcoming debt

Thursday, 17 April 2014 11:58 AM

Funds to be used to refinance a portion of a $1.2bn bond due to mature in September

Abu Dhabi's TAQA begins gas storage at new Dutch facility

Abu Dhabi's TAQA begins gas storage at new Dutch facility

Wednesday, 16 April 2014 3:09 PM

Company starts injecting natural gas into its partially built Bergermeer storage facility in The Netherlands

North America pushes Abu Dhabi's TAQA into 2013 loss

North America pushes Abu Dhabi's TAQA into 2013 loss

Tuesday, 25 March 2014 11:02 AM

Energy giant suffered non-cash impairment related to value of its oil and gas holdings

UAE-led group to buy two India power plants for $616m

UAE-led group to buy two India power plants for $616m

Sunday, 2 March 2014 11:02 AM

Consortium will be led by Abu Dhabi National Energy Co (TAQA), includes PSP Investments, one of Canada's largest institutional investors

UAE'S TAQA CEO Carl Sheldon to step down

UAE'S TAQA CEO Carl Sheldon to step down

Wednesday, 26 February 2014 12:21 PM

Edward LaFehr, who now leads TAQA's North American operations, will take over control

UAE-led group set to close $2bn India power deals

UAE-led group set to close $2bn India power deals

Monday, 10 February 2014 1:49 PM

Consortium led by Abu Dhabi National Energy Co reportedly buying hydropower plants in northern India

Abu Dhabi's TAQA plans to build desalination plant

Abu Dhabi's TAQA plans to build desalination plant

Tuesday, 4 February 2014 2:33 PM

Abu Dhabi National Energy Co unveils plan for 30m gallon per day plant in Ajman

Abu Dhabi's TAQA said to hire banks for bond issue

Abu Dhabi's TAQA said to hire banks for bond issue

Friday, 31 January 2014 10:47 AM

Sources say Abu Dhabi National Energy Co has appointed five banks for potential offering

Abu Dhabi's TAQA eyes water projects in MENA, India

Abu Dhabi's TAQA eyes water projects in MENA, India

Tuesday, 21 January 2014 8:09 PM

Abu Dhabi National Energy Company says it plans to grow its water business via new projects

Abu Dhabi's TAQA to invest $1.2bn in Kurdistan oil field

Abu Dhabi's TAQA to invest $1.2bn in Kurdistan oil field

Monday, 20 January 2014 7:25 PM

Abu Dhabi National Energy Company says it expects to spend $300m in first phase of project

Abu Dhabi's TAQA gets nod to develop North Sea field

Abu Dhabi's TAQA gets nod to develop North Sea field

Monday, 16 December 2013 1:53 PM

Abu Dhabi National Energy Co receives approval from UK gov't; sees production starting in Q3 2014

TAQA-owned power firm raises $182m in IPO

TAQA-owned power firm raises $182m in IPO

Friday, 13 December 2013 10:47 AM

Moroccan power firm Jorf Lasfar Energy Co completes first share offer in country for two years

Abu Dhabi's TAQA plans staff cuts in $20m costs drive

Abu Dhabi's TAQA plans staff cuts in $20m costs drive

Thursday, 12 December 2013 1:42 PM

Energy company will reduce staff by 16% at its headquarters in the UAE capital

TAQA-owned power unit gets nod for Morocco IPO

TAQA-owned power unit gets nod for Morocco IPO

Tuesday, 3 December 2013 2:56 PM

Jorf Lasfar Energy Co will go ahead with share sal next week in bid to to raise $176m

Abu Dhabi's TAQA to book $40m gain from pipeline sale

Abu Dhabi's TAQA to book $40m gain from pipeline sale

Tuesday, 12 November 2013 12:17 PM

TAQA sold its 40% stake in Noordgastransport BV to pension fund PensionDanmark A/Searlier

Abu Dhabi's TAQA sells Dutch pipeline stake for $240m

Abu Dhabi's TAQA sells Dutch pipeline stake for $240m

Sunday, 10 November 2013 12:14 PM

Sale of stake in Noordgastransport to pension fund PensionDanmark is expected to close by 2013

Abu Dhabi's TAQA rebounds to Q3 net profit

Abu Dhabi's TAQA rebounds to Q3 net profit

Wednesday, 6 November 2013 2:24 PM

Energy company posts net profit of $40m after suffering losses in same period last year

New $2.7bn facility to power UAE's Western Region

New $2.7bn facility to power UAE's Western Region

Friday, 11 October 2013 10:30 AM

Sheikh Hamdan bin Zayed Al Nahyan inaugurates new plant to supply over 300,000 homes

UAE-owned Taqa gets Kurdistan oilfield all clear

UAE-owned Taqa gets Kurdistan oilfield all clear

Monday, 7 October 2013 3:20 PM

The first phase is expected to produce around 30,000 barrels of oil per day by early 2015.

Turkey eyes new power partner after TAQA delays

Turkey eyes new power partner after TAQA delays

Thursday, 29 August 2013 3:11 PM

Energy minister says in talks with South Korea after delays hit project with Abu Dhabi firm


Related searches

Abu Dhabi's TAQA eyes new UK energy deals

Tuesday, 6 November 2012 5:53 PM

Abu Dhabi National Energy Company 'actively looking into' further North Sea investments

Abu Dhabi's TAQA eyes water projects in MENA, India

Tuesday, 21 January 2014 8:09 PM

Abu Dhabi National Energy Company says it plans to grow its water business via new projects

Abu Dhabi's TAQA to invest $1.2bn in Kurdistan oil field

Monday, 20 January 2014 7:25 PM

Abu Dhabi National Energy Company says it expects to spend $300m in first phase of project

Abu Dhabi's TAQA signs US wind power deal

Wednesday, 9 January 2013 5:17 PM

Abu Dhabi National Energy Company acquires 50% stake in Minnesota wind power project

Abu Dhabi's TAQA signs $2.5bn loan

Friday, 14 December 2012 10:11 AM

Abu Dhabi National Energy Company inks syndicated finance deal with 10 banks

Abu Dhabi's NPCC eyes major UAE energy projects

Monday, 19 December 2011 6:21 PM

National Petroleum Construction Company sees better revenues in the coming year

TAQA says UK oil flows resume after shutdown

Friday, 18 January 2013 9:46 AM

Abu Dhabi National Energy Company announces restart in North Sea operations

UAE's Taqa hires banks for $2bn loan

Saturday, 27 October 2012 9:56 AM

State-owned Abu Dhabi National Energy Company picks 10 banks for refinancing deal

TAQA seeks firms for UAE's first waste to energy plant

Friday, 1 March 2013 11:06 AM

Abu Dhabi National Energy Co invites companies to submit qualifications ahead of tendering

TAQA's finance chief eyes bond issue in 2012 to repay debt

Wednesday, 2 March 2011 6:49 PM

Abu Dhabi National Energy Company says it could tap debt markets next year

TAQA posts big increase in Q1 profit

Wednesday, 12 May 2010 9:29 AM

Abu Dhabi National Energy Company also announces 13% rise in Q1 revenues after increase in oil prices.

TAQA subsidiary completes $415m takeover

Thursday, 1 October 2009 10:45 AM

Unit of Abu Dhabi National Energy Company completes deal for oil, gas firm.

TAQA announces 89% fall in Q1 profit

Thursday, 14 May 2009 10:02 AM

Abu Dhabi National Energy Company says profit slide due to decline in oil, gas prices.

Taqa chief says oil price drop won't impact plans

Thursday, 30 October 2008 5:16 PM

Abu Dhabi National Energy Company boss upbeat despite slide in oil prices.

Taqa announces huge 448% jump in Q3 profit

Thursday, 30 October 2008 10:19 AM

Abu Dhabi National Energy Company posts third quarter profit of $196mn.


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
This Week's Magazine »

Cover Story

Man on a mission
Now 84, Buzz Aldrin represents what, for many people, is one of America’s greatest ever achievements. The former astronaut speaks to Arabian Business about commercial space exploration, life on Mars, and why he will never be happy with being second.

Also in this issue

Subscribe Now