We are the largest independent power producer in the Middle East and North Africa (MENA) and the largest owner of power generation and water desalination assets in the United Arab Emirates. Developing our international power business in MENA is core to our growth strategy.
Our power & water business provides stability and reliable cash flow. We are focused on achieving organic growth within the business and exploiting assets with significant unrealised value.
Our power generation operations are based in the Middle East (United Arab Emirates, Oman, and Saudi Arabia), North and West Africa (Morocco and Ghana), India and the United States.
We have a portfolio of high-quality power assets, more than 90% of which are gas fired.
For detailed year-to-date figures and information on our interests please see the Power & Water section.
We have a portfolio of high-quality assets and are engaged in exploration, development and production of crude oil, natural gas and natural gas liquids, together with related gas storage, oil & gas processing and transport.
We have three centres of excellence: onshore operations in North America (Canada and northwestern United States); offshore operations in the United Kingdom and Dutch North Sea; and energy infrastructure, with a focus on gas storage in the Netherlands. In line with our strategy to expand TAQA’s presence in the greater MENA region (Middle East, North Africa and India), we have made a strategic investment in the Kurdistan region of Iraq.
By employing best available technology and techniques, we optimise production while ensuring the health and safety of our employees and minimising our impact on the environment.
For more information visit the Oil & Gas section.
Through our Energy Solutions business, which we established in early 2012, we plan to access untapped growth opportunities for the company by developing alternative and technology-driven energy initiatives.
We aim to introduce transformational solutions for energy production and generation, to operate alternative energy projects and and to establish TAQA as a technology- and innovation-driven organisation.
We are committed to investing in wind, solar, geothermal and waste-to-energy, as well as unconventional fossil-fuel projects such as shale gas.
Our initial focus is on waste-to-energy in Abu Dhabi, in line with the Abu Dhabi Economic Vision 2030 (see Economic Vision) and wind power.
Among the regions where we operate, we have also identified North America, Northern Europe and Morocco as having substantial wind energy potential.
For further details please visit the Energy Solutions section.
TAQA, meaning energy in Arabic, is the brand name of Abu Dhabi National Energy Company PJSC. We are an international energy and water company listed in Abu Dhabi operating in 11 countries across four continents.
The company was established in June 2005 under the provisions of Emiri Decree (16) as a public joint stock company, and has since become one of Abu Dhabi’s flagship companies, playing a crucial role in helping to deliver the economic strategy of the Emirate of Abu Dhabi.
The company was born out of the Abu Dhabi Water and Electricity Authority (ADWEA) with the transfer of its majority interests in six Independent Water and Power Producers (IWPPs) to TAQA. An IPO and listing on the Abu Dhabi Securities Exchange followed in August 2005, with ADWEA retaining a shareholding of 51%.
In 2006, TAQA began a series of acquisitions, transforming the company from a UAE power generation and water desalination business into an international operating energy group with interests in upstream oil and gas exploration and production; midstream oil and gas storage and transmission; and international power generation.
Between then and 2008 TAQA entered Europe, by acquiring companies and assets in the UK North Sea and the Netherlands. It also expanded into North America, and in August 2009, TAQA took over operatorship of the Brent System oil pipelines in the North Sea. The company has since begun oil exploration work in the Kurdistan region of Iraq.
In tandem with developing its oil and gas business, TAQA began growing its power portfolio in Morocco, Ghana, Saudi Arabia and India, and went on to acquire a tolling agreement at the Red Oak power plant in the US state of New Jersey.
In the UAE, TAQA now owns majority stakes in eight power and water plants that provide about 85% of Abu Dhabi's power generation and 90% of its water desalination capacity, and is looking to expand its power and water business across the MENA region.
In early 2012, the company established its Energy Solutions division, to explore alternative energy solutions in its existing geographies. The aim is to focus on wind, waste-to-energy, and solar projects in North America, Northern Europe, the UAE and Morocco.
In April 2014, TAQA reorganised the management of the company, moving away from a business stream model towards an integrated regional model. The aim is to simplify the structure, reduce costs and allow the company’s businesses to be more responsive to the markets in which they operate, and deliver a superior operational performance.
From our roots in Abu Dhabi we are building a leading global energy business
We are developing a world-class energy business by focusing on our strengths: our stakeholders, our people and our assets.
We have a strategy to exploit the existing opportunities present within TAQA’s broad portfolio of assets in our core areas.
We are committed to growing the business organically, taking advantage of internal opportunities, deriving value from all business streams and optimising our global footprint by making selective acquisitions that complement existing operations.
Our goal is to invest in the long-term sustainable future of our business.