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Taqa forms JV with RBS Sempra
- United Arab Emirates: Thursday, December 11 - 2008 at 07:58
Abu Dhabi National Energy Co (Taqa) has announced that it has formed a joint venture to invest in US energy companies with RBS Sempra Commodities. The venture, called Taqa Gen X, bought BE Red Oak Holding, which holds rights to capacity from an 830-megawatt power plant in New Jersey. The acquisition was the venture's first deal and the partners aim to build a portfolio with access to 10,000 megawatts of generation capacity.
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