The Abu Dhabi companies hold 40 per cent stake each in TPP1, the 875MW combined-cycle gas-fired plant, and also in the O&M company
TAQA
Latest in TAQA
Abu Dhabi National Energy Company
Abu Dhabi data centre industry power investments to top $10bn
Abu Dhabi National Energy Company expects massive investment from data centre industry
Abu Dhabi National Energy Company
TAQA keen on ‘key’ US market as it explores acquisition opportunities
Group CEO Jasim Husain Thabet says he’d prefer to acquire a fully integrated company with generation, networks and a pipeline of growth
Abu Dhabi National Energy Company (TAQA)
TAQA Morocco and partners eye AED52bn in Moroccan energy and desalination projects
TAQA Morocco signs MoUs for major low-carbon energy, desalination, and infrastructure developments supporting Morocco’s energy transition and water security
Abu Dhabi
TAQA raises the topline by 3.8% as Q1 revenue touches $3.87bn
However, company’s bottom line is affected amidst commodity price volatility and a decline in oil and gas production as net income fell 1.5%
Abu Dhabi Global Market
TAQA Distribution signs exclusive digital billing solution deal with ADGM
16,000 Al Maryah and Al Reem Island residents will be able to pay all tenancy-related fees along with their power and water bills
Abu Dhabi National Energy Company
TAQA acquires TI, UK’s leading energy and utility investment platform
Transmission Investment is one of the largest players in the UK’s offshore electricity transmission market with 11 OFTO assets
Abu Dhabi National Energy Company
TAQA and EWEC sign PPA for 1GW as part of $9.8bn giga-scale project
The 24-year agreement will build, own, and operate the Al Dhafra Open-Cycle Gas Turbine project and adds to the recent Masdar announcement
clean energy
EDF, TAQA seal partnership to boost geothermal energy in Saudi Arabia
The areas of collaboration include power generation and HVAC applications as well as compressed air energy storage in the Kingdom
Abu Dhabi National Energy Company
TAQA Group reports $15bn revenue and $1.93bn net income for 2024
EBITDA, excluding $2.94bn to acquire 5% stake in ADNOC Gas, was $5.83bn; CapEx up 63.8% as work progresses in Mirfa and Shuweihat projects
Abu Dhabi National Energy Company
TAQA consortium to develop two new power plants in Saudi Arabia
Consortium signed 25-year Power Purchase Agreements to build two greenfield combined cycle gas power plants with combined capacity of 3.6 GW
Abu Dhabi National Energy Company
TAQA Group reports 6% growth in revenue to $11.35 billion
Strong showing by Water Solutions and Transmission & Distribution as net income surges to $1.72 billion), up 13.2%
Abu Dhabi
TAQA successfully prices $1.75bn dual-tranche bond offering
Prices a $850 million 12-year green bond at a coupon rate of 4.75%; $900 million 7-year conventional bonds bear a rate of 4.375%
Abu Dhabi
Abu Dhabi’s TAQA adopts new brand identity, structure
Abu Dhabi Distribution Company and Al Ain Distribution Company to be merged into a single company called TAQA Distribution
Abu Dhabi
Abu Dhabi’s TAQA completes acquisition of SWS Holding
The acquisition adds significant asset value and further enhances TAQA’s predictable cashflow profile and earnings
Abu Dhabi National Energy Company
TAQA and JERA achieve financial closing of SATORP’s cogeneration plant
Build with cutting-edge technology, the plant in Jubail will supply 475MWs of power and nearly 452 tonnes per hour of steam
Abu Dhabi
TAQA’s revenue soar to $7.4bn as SWS acquisition starts adding up
Adjusted EBITDA up 4% to $2.97 billion; CapEx at $1.03 billion due to the construction progress of two major RO projects