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A Steering Committee has been appointed by NPC's senior management and TAQA's Dan Dexter, GVP Global Power Operation & Maintenance, to manage the relationship. The committee consists of:
• Fareed Al-Yagout, President, National Power Company;
• Humphrey Douglas, MD of TAQA Europa BV; and
• Ahmed Mohammed Al Suwaidi, Senior Associate, TAQA
Commenting on the announcement, Peter Barker-Homek, Chief Executive Officer of TAQA, said:
"We are certain that today's announcement marks the beginning of a strong collaboration, given our mutual understanding of the energy assets which are critical to regional growth. The two companies have a long track record of successful energy projects in the GCC and beyond, and we are already in the process of screening and evaluating specific opportunities."
Dr Abdul Rahman Al-Zamil, Chairman of NPC's Board of Directors, said:
"The economic growth that the region is experiencing has to be underpinned by a robust portfolio of power and water desalination operations. Our combined experience within the region, and globally, provides us with unparalleled operational insight that can be rapidly brought to bear."
The agreement does not include any capital commitments at this stage but parties are exploring opportunities for a wider collaboration, including within complementary industrial sectors in the region.
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Posted by Anne-Birte Stensgaard, Senior News Editor
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