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TAQA takes leadership role in African power sector

  • United Arab Emirates: Wednesday, July 04 - 2007 at 09:16
  • PRESS RELEASE

Abu Dhabi National Energy Company (ADSM:TAQA) will continue to invest in the African continent as long as there are viable opportunities, the company's chief executive said today ahead of a speaking engagement scheduled in Marrakech tomorrow.

Peter Barker-Homek, TAQA's CEO will address high-level delegates attending the first ever Africa Power Forum, taking place 5 and 6 July in Marrakech, Morocco.

According to organizers, more than 450 participants are expected to attend the event, which will bring together government representatives, investors, operators, manufacturers, financial institutions, and consultants, to discuss the electrification of the French speaking Africa.

During the two days of the conference, participants will discuss liberalization in the region, privatization, regulation, the increasing need for electricity, regional interconnection, partnership between the public and private sectors, natural gas, and renewable energy.

"With significant assets in Morocco and Ghana, TAQA is already a major player in the African power sector," said Peter Barker-Homek, Chief Executive Officer of Abu Dhabi National Energy Company PJSC.

"We will continue to invest in the African continent where we think we can add value, introduce best-in-class management capabilities, and deliver profits to our shareholders," added Barker-Homek.
Peter Barker-Homek, Chief Executive Officer of Abu Dhabi National Energy Company PJSC. 
Peter Barker-Homek, Chief Executive Officer of Abu Dhabi National Energy Company PJSC.
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About Abu Dhabi National Energy Company PJSC (TAQA)
Abu Dhabi National Energy Company (TAQA) is a global energy company with investment capabilities in power generation, CHP, desalination, renewables, upstream oil/gas, pipelines, services, structured finance and the creation, syndication and management of assets. TAQA was founded in Abu Dhabi in 2005 and listed on the Abu Dhabi Stock Exchange. At year end 2006 TAQA had in excess of AED 51bn in assets and generated AED 4.8bn revenue. The company currently has in excess of 10,000 MW (gross) of installed generation, upstream oil/gas production, gas processing, pipelines and natural gas storage. TAQA operates from its offices in Abu Dhabi, The Hague, Ann Arbor, Aberdeen and Amsterdam with alliance partners across the Gulf, Middle East, North Africa, Sub-Saharan Africa, Europe, Asia, and the United States.

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