Transparency puts TAQA in 'top list' of global energy companies

Notes and media contacts

About Abu Dhabi National Energy Company PJSC (TAQA):

Founded in 2005, TAQA (Abu Dhabi National Energy Company (PJSC)) is a global energy company with a growing asset base approaching Dhs86bn ($23.4bn). One of the largest companies listed on the Abu Dhabi Securities Exchange (ADX), 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 has a strong focus on expanding its Upstream activities in Europe and North Africa. In the Netherlands, TAQA acquired BP Netherlands' gas exploration and production assets including onshore, offshore and storage facilities in 2007, located in the Dutch Continental Shelf of the North Sea and in the region of Alkmaar in the North Western part of the Netherlands. TAQA's assets in the North Sea are operated under the subsidiary TAQA Energy B.V. TAQA Offshore B.V. is a wholly owned subsidiary of TAQA Energy B.V.

TAQA employs approximately 2,800 people from 41 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.

Contact Details:

Daniela
Capital MS&L Middle East
D +971 4 367 6164
Dubai Media City, Arjaan Al Sufouh Tower
Office 507
PO Box 502697
Dubai, UAE