Consortium signed 25-year Power Purchase Agreements to build two greenfield combined cycle gas power plants with combined capacity of 3.6 GW
TAQA
Latest in TAQA
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
Abu Dhabi
Abu Dhabi’s TAQA reports AED2.1bn net income for Q1 2024
The company said its earnings were bolstered by the recognition of contributions from SWS Holding
Abu Dhabi
Abu Dhabi’s TAQA confirms its interest in $22 billion Spanish energy giant Naturgy
Pursuing a “potential cooperation” with Criteria Caixa, as well as possible acquisition of shares with CVC and GIP
Abu Dhabi
TAQA wins BOOT contract for Juranah water reservoir project in Makkah
TAQA will hold a 35 percent share in the project company and a 50 percent stake in the O&M company.
Abu Dhabi National Energy Company
ADNOC, TAQA secure $2.2bn in financing for sustainable water supply project
Orascom Construction and Metito will construct the world-class seawater treatment facility, as well as the transportation and distribution network
Abu Dhabi National Energy Company
Abu Dhabi exchange announces $1.5bn TAQA listing
Abu Dhabi National Energy Company lists $1.5bn bonds on ADX
Abu Dhabi National Energy Company
Abu Dhabi’s TAQA reports $7.3bn H1 revenues
Abu Dhabi National Energy Company has met income of $3.7bn in first half of 2023
Abu Dhabi
TAQA enters agreement to acquire SWS Holding for $460 million
It increase TAQA’s regulated asset base by more than 20 percent and help it expand into wastewater networks and treatment businesses
Abu Dhabi
Mirfa 2 Reverse Osmosis: UAE’s third largest RO desalination plant achieves financial closure
To be built at a cost of $620 million by TAQA and ENGIE, the plant at Mirfa 2 will produce 120 MIGD when operation in Q4 2025
ADNOC
ADNOC, TAQA announce $2.4 bn project for sustainable water supply to onshore operations
The project will develop a centralised world-class seawater treatment facility and transportation network for operations at the Bab and Bu Hasa fields in Abu Dhabi
Abu Dhabi National Energy Company
TAQA, Uzbekistan plans $3bn investment in power
These opportunities include new and existing power plants, as well as associated power infrastructure like transmission and distribution