Abu Dhabi National Energy Company PJSC (TAQA) signs Letter of Intent with Oasis International Power LLC

Notes and media contacts

About Abu Dhabi National Energy Company PJSC (TAQA)

Founded in 2005, TAQA (the Abu Dhabi National Energy Company PJSC) is a global energy company with a growing asset base that exceeds Dhs68 ($18bn). One of the largest companies listed on the Abu Dhabi Securities Market (ADSM), with 2007 revenues of more than Dhs8bn ($2bn), TAQA is a flagship corporation for the Government of Abu Dhabi.

TAQA's strategic goal is to build and operate a geographically diverse global portfolio of energy businesses across the value chain. It has operations in power generation, water desalination, upstream oil/gas, pipelines, and gas storage.

TAQA employs 2,300 people from 38 different nations and operates from its offices in: Abu Dhabi; Ann Arbor, Michigan; Aberdeen; Amsterdam; Calgary and The Hague. This footprint is further extended through alliances with partners across Africa, the Middle East, Europe, North America and India.

TAQA carries Aa2 and AA- credit ratings from Moody's and S&P respectively.


About Oasis International Power LLC (Oasis)

Oasis International Power LLC is a UAE registered company involved in the development, ownership, operation and maintenance of IWPPs. Building on the strength of the Abu Dhabi investors and the proven track record in IPP and IWPP development of International Power, Oasis' business model is to develop projects in partnership with others for the long term success of all parties.


Contact Details:

TAQA

UAE
Reem Al Midwahi, PR and Corporate Communications Manager, TAQA
+971 2 6914940

Daniela Fleischmann, Capital MS&L
+971 4367 6164

London
Claire Maloney, Capital MS&L
+44 207 307 5341

Oasis International Power LLC (Oasis)
Mr Rifat Saeed
Oasis International Power
+9712 6277 500