Home » Dubai » Dubai Business and Economy » Industries » Power » Abu Dhabi National Energy Company PJSC (TAQA) Abu Dhabi National Energy Company PJSC (TAQA) in Abu Dhabi & Dubai UAE Directory

TAQA is an energy investment company established in June 2005 pursuant to the provisions of Emiri Decree in 2005 as a public joint stock company (PJSC). The government of Abu Dhabi through ADWEA owns 51%, ADWEA transferred 24.1% of its shareholding to the Fund for the Support of Farm Owners in the Emirate of Abu Dhabi (the Farm Owners Fund) to provide farmers with an income stream and provide longer-term support to farming in the Emirate of Abu Dhabi. The Farm Owners Fund is administered by a Board of Trustees appointed by the Executive Council of the government of the Emirate of Abu Dhabi. Abu Dhabi Securities Market - ABD: TAQA (24.9%) shares are traded, ownership of the shares in TAQA is limited to UAE nationals. TAQA holds a majority stake in six of the nine Independent Water and Power Producers (IWPP) in the Emirates transferred from ADWEA to TAQA. The company’s consolidated total assets as at 30 September 2006 stood at almost US 9 Billion. TAQA provides over 85% of the water and electricity produced in the Emirate of Abu Dhabi. TAQA’s current domestic power generation and water desalination plants portfolio consists of approximately 7000 MW of installed capacity and 591 MIGD of net water desalination capacity.

 

Address: P.O. Box: 55224 Abu Dhabi, UAE
Telephone: 971 02 691 4900
Fax: 971 02 6422555
Website: http://www.taqa.ae/