TAQA net income $1.93bn in 2024
The company's revenues increased 6.7 percent year-on-year.
‘TAQA’ prices $1.75bn dual tranche
The 12-year senior unsecured notes are sized $850m.TAQA launches new corporate identity
Abu Dhabi Energy Services will be renamed as TAQA Services.TAQA Q1 net income $571m
Net income fell $2.58bn due to one-off items recognized in 2023.TAQA’s $1.5bn dual-tranche bonds listed on Abu Dhabi Exchange
Abu Dhabi, UAE -- Abu Dhabi National Energy Company (TAQA's) dual-tranche $1.5 billion bonds were listed on Abu Dhabi Securities Exchange (ADX) Thursday.The five-year $500 million notes, maturing in 2029, were issued as conventional bonds with a 4.3 percent coupon, while the 10-year $1 billion tranche, maturing in 2033, was...TAQA H1 net income $3.67bn
The group revenues were AED 26.8 billion, 5% higher than H1,2022.TAQA to buy SWS Holding
The energy company will pay US$462 million for the buyout.TAQA, ENGIE complete financial closing for UAE’s mega desalination plant
Dubai, UAE -- Abu Dhabi National Energy Company (TAQA) ENGIE, a global leader in low-carbon energy solutions, and Emirates Water and Electricity Company (EWEC), announced the successful financial closing of the AED2.3 billion ($620 million) low-carbon Mirfa 2 Reverse Osmosis (M2 RO) desalination project.The project is primarily (78 percent) funded...ADNOC, TAQA award $2.4bn project for sustainable water supply
Dubai, UAE -- ADNOC and Abu Dhabi National Energy Company (TAQA) Wednesday announced the award of a strategic investment project estimated at up to $2.4 billion (AED 8.8 billion) to provide sustainable water supply for ADNOC’s onshore operations.The project will develop a centralized seawater treatment facility and transportation network for...TAQA, Uzbekistan to explore power projects, infrastructure investment opportunities
Abu Dhabi, UAE - Abu Dhabi National Energy Company (TAQA) has announced a collaboration with the Government of Uzbekistan to explore strategic opportunities for investment in Uzbekistan’s power sector.These opportunities include new and existing power plants as well as associated power infrastructure which collectively could be worth more than$3 billion.A...Xlinks secures $37m funding
The funds will be used in laying subsea cables between UK and Morocco.TAQA to pay dividend
The company also announced new dividend policy for 2023-25TAQA Morocco to invest US$1.6bn in renewable energy solutions
Dubai, UAE--TAQA Morocco is looking to invest $1.6 billion in renewable energy solutions in Morocco in order to lift up electricity production by 50 percent by 2030. Owned by Abu Dhabi National Energy Co., the company plans to diversify its activities in clean energy and water desalination as part of its...EGA and ENEC top officials discuss UAE’s clean energy future
EGA has a strategic initiative with TAQA, Dubal Holding, and EWEC to divest its natural gas-fired power plants and instead source its electricity needs through the grid from EWEC.Multiply Group 2022 net profit
Growth in profits driven by investments and rise in operating portfolio.TAQA acquires stake in Taweelah
TAQA took up the operation and maintenance of the plant.ADNOC, TAQA mobility JV
They will build and operate electric vehicle infrastructure in Abu Dhabi.Envoy eyes more cooperation, $6.32bn bilateral trade this year as UAE-Belgium ties mark 51st anniversary
Brussels needs to find new energy suppliers and we recognize the important role of the UAE on that front, Belgian ambassador to the UAE Antoine Delcourt tells TRENDSTAQA posts 53% income rise
The income vaulted to $1.77bn in the first nine months of 2022.By 2030, TAQA targets a 25% reduction in greenhouse gas emissions
The strategy includes the national low-carbon power and water champion’s interim greenhouse gas (GHG) emissions reduction goals.TAQA to sell Netherlands business
TAQA Energy will sell upstream oil and gas business to Waldorf.ADNOC, TAQA conclude $3.8 bIllion offshore decarbonization deal
Abu Dhabi, UAE---ADNOC and Abu Dhabi National Energy Company (TAQA) Friday announced the financial closing of their $3.8 billion project to power and decarbonize ADNOC's offshore production operations. Together with a consortium comprised of Korea Electric Power (KEPCO), Kyushu Electric Power Company (Kyuden) and Électricité de France (EDF) (the Consortium),...TAQA secures $1.09 bn funding to finance Mirfa power plant’s debt
Abu Dhabi, UAE-- Abu Dhabi National Energy Company (TAQA) has secured $1.09 billion in funding to refinance debt for Mirfa Power and Water Plant. TAQA said in a statement that the Mirfa International Power & Water Company (MIPCO), which owns and operates the plant, secured the dollar-denominated financing from nine...ADQ monetises minority stake of 8.6% in TAQA
TAQA is a diversified utilities and energy group headquartered in Abu Dhabi, and listed on the Abu Dhabi Securities Exchange.Mubadala, TAQA Group to invest in power sector in Uzbekistan
The binding agreements will see Mubadala and TAQA each acquire a 40% stake in two gas-fired power plants.TAQA to buy AlMansoori
The Saudi firm will buy UAE company for an unknown sum.Three companies to buy Masdar stakes
TAQA, ADNOC, and Mubadala enter binding agreements worth $1.9bn.TAQA Group’s Q1 income up 37%
The company reported financial results for 3 months ended March 31GCC keeps pace with global solar, wind trends
Countries like the UAE, Saudi Arabia, and Oman appear on track to take giant strides in diversifying their portfolios when it comes to power generation.TAQA posts a net income of AED6bn for 2021
Abu Dhabi National Energy Company (TAQA) has posted a net income (TAQA-share) of AED6.0 billion, a jump of AED3.2 billion, for the year ended December 31, 2021.ADNOC, TAQA partner to power, decarbonise offshore operations
The two companies announced on Wednesday a $3.6 billion (AED13.22 billion) strategic project to significantly decarbonise ADNOC’s offshore production operations, further strengthening their position in driving and leading sustainability efforts and supporting the UAE ‘Net-Zero by 2050 Strategic Initiative’.TAQA nine-month net income $1.17 bn
The total revenue is 11 percent higher than the same period last year.TAQA lands Aramco water project
The project will be used to make power and desalinate water.Khalid Al Qubaisi new ADES CEO
Al Qubaisi served as a VP at Mubadala Investment Company.TAQA’s net income shoots up 42 percent to $790m in first half
TAQA, the Abu-Dhabi government’s energy holding company, has reported a 42 percent jump in its net income for HI 2021 to $790 million compared to the same period last year, after a big contribution from the oil and gas segment.TAQA, Emirates Steel to manufacture MENA’s first green steel
The project will save energy while creating a sustainable and clean manufacturing process, says TAQA.