GCC utility sector can save billions of dollars with efficiency drive, AI and network enhancements
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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 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
DEWA
Future-ready DEWA clocks $2.15 billion net profit for 2023
Dubai’s utilities company adds 53,974 new customer accounts during 2023; Revenue up 7% to reach record high of $7.95 billion
DEWA
DEWA reports AED7.3bn revenue in Q2 2023
For the first half of 2023, DEWA’s consolidated revenue was AED12.7 billion
DEWA
Dubai shares summer tips to save money on bills
Dubai Electricity and Water Authority shares advice on cutting bills and avoiding water and electricity waste
DEWA
Dubai’s DEWA launches Summer 2023 campaign, shares tips on saving money
Dubai residents can save money and track energy usage by using DEWA app and following summer tips
DEWA
DEWA’s performance continues to beat US, European utility companies
Achieved a new world record in electricity Customer Minutes Lost per year of 1.19 minutes per customer, compared to average 15 minutes in US and EU
DEWA
DEWA to distribute over $843m in dividends
Dividends are intended to be paid to eligible shareholders this month
Abu Dhabi
TAQA to refinance Mirfa Power and Water Plant with $1.09 billion funding
The long-term financing raised by nine international and regional leading banks, will mature in 2024
DEWA
DEWA fixes October 10 for first-ever AGM to distribute $844 million dividend
The company is expected to make the payment in October itself; It reported revenues of AED12.08 billion and net profit of AED3.3 billion in first half of 2022
Dubai
UAE’s Utico eyes Dubai IPO amidst regional boom
Power and water utility is seeking a primary offering on DFM, hired international and local banks
Abu Dhabi National Energy Company
China Southern Power Grid in talks for $4 billion Taqa Stake
The Chinese state-owned firm is in discussions with banks about financing for the potential purchase
Abu Dhabi National Energy Company
Abu Dhabi said to weigh sale of $4 billion stake in utility Taqa
The government is working with an adviser as it considers selling about 10 percent of Abu Dhabi National Energy Co.
Abu Dhabi National Energy Company
Abu Dhabi utility Taqa to weigh sale of oil and gas assets
Taqa is speaking with potential advisers as it reviews a business that spans countries including the UK and Canada
Hyflux
Singapore’s Hyflux in talks with UAE-based Utico for $294m funds
Utico, based in the United Arab Emirates, is the largest private full-service utility and developer in the Middle East