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Taqa to invest $1bn
- United Arab Emirates: Tuesday, October 06 - 2009 at 10:30
Abu Dhabi National Energy Company (Taqa) is negotiating with three firms in the mid and downstream sector, as it seeks to meet its $1bn spend target for the fourth-quarter, Reuters has reported. Taqa has already invested $1.5bn and plans to continue its buying spree and could spend a further $1bn before the end of this year, the firm's chief executive, Peter Barker-Homek said. 'We are working on a number of transactions and that will get me to meet the target. We are working on three targets,' he said.
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StaffTuesday, October 06 - 2009 at 10:30 UAE local time (GMT+4)
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