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Taqa selects Wipro to deliver infrastructure operations and application management services

  • United Arab Emirates: Monday, October 05 - 2009 at 16:30
  • PRESS RELEASE

Taqa (Abu Dhabi National Energy Company {PJSC}), a global energy company with a growing asset base of over Dhs90bn ($24.5bn) and one of the largest companies listed on the Abu Dhabi Securities Exchange (ADX) announces awarding a large 5 year contract to Wipro Limited, a leading provider of IT and business transformation services to set up a dedicated Offshore Development Centre.

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Taqa's strategic intent is to build and operate a geographically diverse global portfolio of energy businesses.

To improve its focus on core competencies and to bring in efficiencies in its IT operations, Taqa will be outsourcing its Infrastructure Operations and Application Management to Wipro.

As part of this engagement, Wipro would be setting up a dedicated Offshore Development Center for Taqa at Wipro's newly developed state-of-the-art facility in Chennai, India.

The offshore development center can house up to 185 concurrent resources and will scale over the next five years.

Speaking on the occasion, Mr. Yasser El Zein, GVP Technology (Abu Dhabi National Energy Company) said, "Wipro is Taqa's partner of choice.

Taqa would like to leverage the strengths of a strategic and reliable IT partner like Wipro, with matured processes and proven expertise in supporting similar large global customers in the areas of infrastructure and application management.

Commenting on the same, Mr. Peter Barker Homek, CEO of Taqa (Abu Dhabi National Energy Company) said, Taqa like all energy companies is facing new challenges in the already complex sector.

Taqa is constantly trying to improve its value chain by having access to accurate and efficient data storage and management capabilities. With high capital investment involved across the value chain process, effective risk management and increased operational excellence are our major priorities. Wipro will help Taqa deliver on greater efficiency and reliability."

Commenting on the same, Mr. Anand Sankaran, Chief Executive, India and Middle East Business, Wipro said:
"We are delighted to be associated with Taqa. We are confident that Wipro, with its strong domain expertise, market knowledge and a customer-centric approach, will bring tremendous business value to Taqa."
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About Taqa
Founded in 2005, Taqa (Abu Dhabi National Energy Company (PJSC)) is a global energy company with a growing asset base of over AED 90 billion (US$ 24.5 billion). One of the largest companies listed on the Abu Dhabi Securities Exchange (ADX), with 2008 revenue of more than AED 16 billion ($4.4bn), 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 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 an Aa2 credit rating from Moody's.

Contact Details:
Taqa
Reem Al Midwahi
+971 2 6914940

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