What we do

We are active across the entire energy value chain: power generation and water desalination, oil and gas exploration and production, and emerging and innovative technologies.
Following a series of global acquisitions and organic growth, we have become the largest independent power producer in the Middle East and North Africa and an established oil and gas operator. In early 2012, we established an Energy Solutions business, to explore alternative energy solutions in our existing TAQA geographies. We aim to focus on wind, waste-to-energy, and solar projects in North America, Northern Europe, the UAE and Morocco. Our asset base is currently balanced between the power & water business and our oil & gas business and between emerging and established markets. We have rigorous health, safety and the environment standards, and seek continuous improvement in everything we do.

Operational Highlights Financial Highlights
Gross power generation capacity 16,395 MW Total assets AED 121.9 billion (US$33.2 billion)
Water desalination capacity 887 MIGD FY 2012 Revenue AED 25.8 billion (US$7.0 billion)
Oil & Gas production 142.4 mboepd  

key figures in full
  • Power & Water
  • Oil & Gas
  • Energy Solutions
  • Our people
  • Our history
  • Our Shareholders
  • Our Strategy

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 Operations 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. At the end of 2011, 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 detailed year-to-date figures and information on our interests please see Operations 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 see Energy Solutions in the Operations section.

People are our key asset and our teamwork, innovation and ability to combine technical and commercial expertise give us our edge. Our ability to attract and retain some of the brightest people in the industry has meant that we have an exceptional pool of global talent, with a workforce of 2,800 drawn from more than 40 nationalities working across Europe, North America, North Africa, the Middle East and Asia. Our aim is to continually enhance performance through greater collaboration across our global workforce.

 

We are known as TAQA, which means ‘energy’ in Arabic, and this defines everything we do. We are proud to be ambassadors of the United Arab Emirates and Abu Dhabi in the international energy sector. Since launching in 2005, we have established ourselves as an energy group competing on a global scale, with operations on four continents.

2005 – 2006 - A new energy player

  • Abu Dhabi Water and Electricity Authority (ADWEA) transfers majority interests in six Independent Water and Power Producers (IWPPs) to TAQA.
  • IPO and listing on the Abu Dhabi Securities Exchange in 2005, enabling investors to own shares in the previously state-owned assets of ADWEA in the UAE.
  • Purchase of BP’s Netherlands-based E&P business.

2007 – 2008 - Rapid expansion

  • Acquisition of oil & gas assets in the UK, North America and the Netherlands.
  • Power portfolio expanded in Morocco, Ghana, Saudi Arabia and India.
  • Acquired tolling agreement in North America

2009 – 2012 – Integration & Optimisation

  • Organic growth opportunities
  • Selective acquisitions and investments in North America, UK, Oman, Ghana and Iraq to complement portfolio
  • Operator of the North Sea Brent pipeline system
  • Construction of Gas Storage Bergermeer
  • TAQA Energy Solutions established

The Government of Abu Dhabi is a strategic majority shareholder, which provides long-term stability to our partners, customers and investors.

Our Shareholders: ADWEA – 52.4%; Farm Owners' Fund – 21.7%; Other government entities - 0.4%; Non-govenment shareholding – 25.6%

  • ADWEA – 52.4%
  • Farm Owners' Fund – 21.7%
  • Other government entities – 0.4%
  • Non-government shareholding – 25.6%

Total government shareholding – 74.4%

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.