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TAQA donates $150,000 to Gaza people

  • United Arab Emirates: Sunday, February 01 - 2009 at 11:33
  • PRESS RELEASE

The Abu Dhabi National Energy Company PJSC (TAQA) announced that it has donated $150,000, through the United Nations Global Compact, to help ease the suffering of the people of Gaza.

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As the armed conflict drags on, current estimates suggest that at least one million people are without electricity and 750,000 without water in Gaza. Many are also in dire need of shelter, food and emergency healthcare. Reports estimate that the cost of repairing Gaza is already in excess of $1.9bn.

Peter E. Barker-Homek, CEO of TAQA, said:
"TAQA is fully committed to help ease the suffering of the people of Gaza. Over 1.5 million people are known to have been drastically affected by the current humanitarian crisis in the region. By supporting the United Nations, we hope to make a valuable contribution to improving the lives of the huge number of people whose lives have been turned upside down by the devastating events."


TAQA has pledged the donation to the UN Central Emergency Response Fund (CERF), the UN's central donation facility, who collect contributions year-round to help ensure that funds are on-hand to allow for immediate humanitarian relief in emergencies.
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Related site: http://www.taqa.ae

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 of Dhs85bn ($23.4bn). One of the largest companies listed on the Abu Dhabi Securities Exchange (ADX), with 2007 revenue 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 approximately 2,800 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.

Contacts Details:

TAQA UAE
PR
Reem Al Midwahi
Tel: +971 2 6914940

Jonathan Ellis
Capital MS&L (Dubai)
Dir: +971 4 367 6172
Fax: +971 4 427 8689
PO Box 502697 Dubai, UAE
Siba Sami Ammari Posted by Siba Sami Ammari
Sunday, February 01 - 2009 at 11:33 UAE local time (GMT+4)

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