ABU DHABI: Abu Dhabi National Energy Company PJSC (TAQA), via its fully-owned unit TAQA International BV, has signed final deals with General Exploration Partners Inc. (GEP) to divest its entire share in the Atrush oil field in the Kurdistan Region of Iraq. Kurdistan Regional Government (KRG): The KRG holds a 25% interest in the Atrush…
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ADNOC and TAQA partner to develop $2.4 billion sustainable water project
Abu Dhabi, UAE: ADNOC and Abu Dhabi National Energy Company PJSC (TAQA) have announced a strategic investment project worth up to $2.4 billion (AED 8.8 billion) to provide sustainable water supply for ADNOC’s onshore operations. The project will develop a centralized world-class seawater treatment facility and transportation network for operations at the Bab and Bu…
TAQA and ADNOC to acquire majority stakes in Abu Dhabi Future Energy Company (Masdar)
ABU DHABI, UAE: Abu Dhabi National Energy Company (TAQA), Abu Dhabi National Oil Company (ADNOC) and Mubadala Investment Company (Mubadala) have entered into binding agreements for TAQA and ADNOC to purchase stakes in Abu Dhabi Future Energy Company (Masdar) from Mubadala, a bourse filing noted. This is a major milestone towards completing the transaction announced…
TAQA and Dubal to acquire EGA’s electricity generation assets in UAE
UNITED ARAB EMIRATES: Emirates Global Aluminium (EGA), Abu Dhabi National Energy Company PJSC (TAQA), Dubal Holding and Emirates Water and Electricity Company (EWEC) announced a major initiative that would unlock significant further development of solar electricity generation capacity in Abu Dhabi, progress power asset and generation optimization, and decarbonize EGA’s aluminum production in the United…
ADNOC & TAQA launch renewable energy and green hydrogen venture
ABU DHABI, UAE: Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council, Chairman of the Abu Dhabi Executive Office, and Chairman of the Executive Committee of the Board of Directors of Abu Dhabi National Oil Company (ADNOC), launched a new global renewable energy and green hydrogen venture between ADNOC…