Full name Abu Dhabi National Energy Company PJSC (TAQA)
Nature of business Power and desalinated water generation, transmission and distribution as well as oil and gas exploration and production, transport and underground gas storage
TAQA FY 2019 revenue * AED 17.7 billion
TAQA FY 2019 profit * AED 1.4 billion
TAQA YE 2019 total assets * AED 99.3 billion
Number of employees (July 2020) ~7,000 worldwide**
Operating in Canada, Ghana, India, Iraq, Morocco, Oman, Saudi Arabia, the United Arab Emirates, the Netherlands, the United Kingdom and the United States of America
Founded June 2005
Listed August 2005 on the Abu Dhabi Securities Exchange (ticker: TAQA)
Shareholders 
  • ADPower (Abu Dhabi government): 98.6%
  • Public shareholders: 1.4%
Power generation capacity*** 22.0^ Gigawatts (GW)
Water desalination capacity*** 913 million imperial gallons per day (MIGD)
2019 power and water production 91,307 gigawatt hours (GWh) and 246,894 million imperial gallons (MIG)
2019 oil and gas production 124.4 thousand barrels of oil equivalent per day

* $1.00 = 3.6725 dirham (TAQA reported financials, prior to ADPower transaction completed in July 2020)

** Excluding non-operated assets in the UAE and abroad

*** Gross installed capacity as at Commercial Operations Date (“COD”)

^ Excludes 1GW captive capacity within Sohar Aluminium smelter

Sign up for TAQA news