Latest news with #AbuDhabiNationalEnergyCompany
TECHx
2 days ago
- Business
- TECHx
TAQA Announces AED37B Investment for Data Hub Power
Home » Smart Sectors » Energy » TAQA Announces AED37B Investment for Data Hub Power Abu Dhabi National Energy Company (TAQA) has announced plans to invest over AED37 billion to support the power needs of Abu Dhabi's growing data and artificial intelligence hub. The announcement was made by Jasim Husain Thabet, TAQA's Group Chief Executive Officer and Managing Director, during the World Utilities Congress 2025. He revealed the investments align with TAQA's broader strategy to provide clean, certified, and reliable energy for critical infrastructure. TAQA, with a market capitalisation of around AED360 billion, is among the top five companies in Europe, Africa, and the Middle East for electricity generation, transmission, and water desalination. The company operates in 25 countries. Over the past four years, TAQA has doubled its electricity production capacity. It now generates 56 gigawatts—more than the total electricity consumed by the United Kingdom. Key developments were also reported: TAQA acquired an 875-megawatt gas-powered station in Uzbekistan with Mubadala. The move supports Uzbekistan's energy transition and opens access to Central Asian markets. TAQA also acquired 'Transmission Investment', a UK-based platform focused on energy and utility infrastructure. Further, the company is building a 1-gigawatt gas turbine power station to enhance its clean energy portfolio. In partnership with Masdar, in which TAQA holds a major stake, it is developing 5 gigawatts of solar energy backed by 19 gigawatt-hours of battery storage. This integrated project aims to provide a steady 1-gigawatt energy supply for 24 hours. It is expected to become the world's largest solar-battery initiative of its kind. TAQA has announced it will invest AED75 billion by 2030 to triple its electricity generation capacity to 150 gigawatts. As part of this strategy, the company plans to develop water desalination plants with a combined daily capacity of 1.3 billion gallons. Two-thirds of this will use efficient reverse osmosis technology.
Mid East Info
3 days ago
- Business
- Mid East Info
TAQA and Abu Dhabi Airports: Fuelling Abu Dhabi's Gateway with Next-Gen Power and Sustainable Innovation
TAQA Distribution, a subsidiary of Abu Dhabi National Energy Company (TAQA), has signed a Memorandum of Understanding (MoU) with Abu Dhabi Airports at the World Utilities Congress 2025 to explore opportunities to enhance the management of power and water infrastructure, and integrate cutting-edge technologies into the existing and future utilities networks across all airports in the Emirate. The MoU was signed by Omar Al Hashmi, CEO of TAQA Distribution, and Elena Sorlini, MD & CEO of Abu Dhabi Airports, in the presence of senior officials and industry stakeholders. As part of the MoU, TAQA Distribution will explore leveraging its years of experience effectively managing Abu Dhabi's highly reliable public utilities network, proven track record of designing and building energy—and cost-efficient utilities infrastructure, ensuring high standard of operational excellence in maintaining private-sector utility assets. Omar Al Hashmi said: 'The MoU allows TAQA Distribution and Abu Dhabi Airports to join forces to advance Abu Dhabi's vision of becoming a global aviation hub. Our core expertise in conceptualizing, implementing, and operating utility assets will facilitate our seamless integration within Abu Dhabi Airports' operations, significantly enhancing infrastructural efficiency to better serve millions of passengers and support the Emirates' economic and logistical goals.' Zayed International Airport (AUH), a key aviation hub for the UAE, benefits from collaborations with strategic partners like TAQA Distribution, focusing on sustainable and innovative growth. These partnerships bolster Abu Dhabi's commitment to increasing capacity and improving operational efficiency, ensuring its status as a premier gateway for the region. Elena Sorlini said: 'As the aviation sector evolves, utility resilience and sustainability are indispensable for long-term success. Partnering with TAQA Distribution allows us to bring private network operations up to public standards, ensuring flawless service delivery 24/7. Together, we are reinforcing Abu Dhabi's role as a destination of choice for trade, tourism, and economic diversification.' This MoU is set to support several key pillars of the Emirates' growth strategy outlined within the Abu Dhabi Economic Vision 2030. The modernization and digitization of utility services — powered by AI-enabled predictive maintenance and cutting-edge customer relationship management — will further align the Emirate's airport infrastructure with global best practices. TAQA Distribution is building a growing portfolio of strategic alliances, including a recent collaboration with Abu Dhabi Global Market (ADGM) to roll out a digital utilities billing solution for Al Maryah and Al Reem Islands. Through its TQD+ platform, TAQA Distribution continues to offer bespoke utility services to support the infrastructure demands of Abu Dhabi's rapidly evolving communities.
Al Etihad
3 days ago
- Business
- Al Etihad
Abu Dhabi's data centre industry power investments to exceed Dh37 bn: TAQA CEO
29 May 2025 23:57 ABU DHABI (WAM)Abu Dhabi National Energy Company (TAQA) is poised to significantly bolster Abu Dhabi's burgeoning data and artificial intelligence hub, with its CEO and Managing Director announcing that total investments to support the power needs of the data centre industry in the emirate will exceed Dh37 announcement aligns with TAQA's broader strategy to provide clean, certified, and reliable energy for critical to WAM on the sidelines of the World Utilities Congress 2025, Jasim Husain Thabet, TAQA's Group Chief Executive Officer and Managing Director (GCEO & MD) highlighted the company's robust growth and strategic a market capitalisation estimated at approximately Dh360 billion, TAQA stands among the top five companies in Europe, Africa, and the Middle East for electricity generation, transmission, and water desalination, operating across 25 the past four years, TAQA has impressively doubled its electricity production capacity to 56 gigawatts, surpassing the total electricity consumption of the United Kingdom. Recent strategic moves include the acquisition of an 875-megawatt gas-powered electricity station in Uzbekistan, in partnership with Mubadala, supporting Uzbekistan's energy transition and opening new Central Asian TAQA's acquisition of "Transmission Investment," a leading UK-based energy and utility investment enhancing its clean energy portfolio, TAQA is currently constructing a 1-gigawatt gas turbine power station. In collaboration with Masdar, where TAQA holds a major stake, the company is also developing 5 gigawatts of solar energy backed by 19 gigawatt-hours of battery storage. This integrated solar and battery system, designed to deliver a continuous supply of 1 gigawatt for 24 hours, will be the largest project of its kind aims to invest Dh75 billion by 2030 to triple its electricity generation capacity to 150 gigawatts, he said. As part of this growth strategy, the company also plans to develop water desalination plants with a combined capacity of 1.3 billion gallons per day, with two-thirds utilising highly efficient reverse osmosis technology.
Gulf Today
3 days ago
- Business
- Gulf Today
Taqa and Abu Dhabi Airports to enhance utility infrastructure
Taqa Distribution, a subsidiary of Abu Dhabi National Energy Company (Taqa), has signed a Memorandum of Understanding with Abu Dhabi Airports at the World Utilities Congress 2025 to explore opportunities to enhance the management of power and water infrastructure, and integrate cutting-edge technologies into the existing and future utilities networks across all airports in the Emirate. The MoU was signed by Omar Al Hashmi, CEO of Taqa Distribution, and Elena Sorlini, MD & CEO of Abu Dhabi Airports, in the presence of senior officials and industry stakeholders. As part of the MoU, Taqa Distribution will explore leveraging its years of experience effectively managing Abu Dhabi's highly reliable public utilities network, proven track record of designing and building energy and cost-efficient utilities infrastructure, ensuring high standard of operational excellence in maintaining private-sector utility assets. Omar Al Hashmi said, 'The MoU allows Taqa Distribution and Abu Dhabi Airports to join forces to advance Abu Dhabi's vision of becoming a global aviation hub. Our core expertise in conceptualising, implementing, and operating utility assets will facilitate our seamless integration within Abu Dhabi Airports' operations, significantly enhancing infrastructural efficiency to better serve millions of passengers and support the Emirates' economic and logistical goals.' Zayed International Airport (AUH) benefits from collaborations with strategic partners like Taqa Distribution, focusing on sustainable and innovative growth. These partnerships bolster Abu Dhabi's commitment to increasing capacity and improving operational efficiency, ensuring its status as a premier gateway for the region. Elena Sorlini said, 'As the aviation sector evolves, utility resilience and sustainability are indispensable for long-term success. Partnering with Taqa Distribution allows us to bring private network operations up to public standards, ensuring flawless service delivery 24/7. Together, we are reinforcing Abu Dhabi's role as a destination of choice for trade, tourism, and economic diversification.' This MoU is set to support several key pillars of the Emirates' growth strategy outlined within the Abu Dhabi Economic Vision 2030. The modernisation and digitisation of utility services - powered by AI-enabled predictive maintenance and cutting-edge customer relationship management - will further align the Emirate's airport infrastructure with global best practices. On Tuesday Taqa Distribution, a subsidiary of Abu Dhabi National Energy Company (Taqa), has signed a Memorandum of Understanding (MoU) with EMSTEEL Group, one of the largest publicly traded steel and building materials manufacturers in the region at the World Utilities Congress 2025 to explore the delivery of advanced, integrated utilities solutions across Abu Dhabi's growing industrial landscape. As part of the MoU, Taqa Distribution will explore customised, end-to-end power and water network management—including rapid integration with existing infrastructure, cost-efficient maintenance, and mobilisation of ready-to-deploy technical teams.
Yahoo
5 days ago
- Business
- Yahoo
Abu Dhabi's state-owned utility TAQA targets US energy sector expansion
The Abu Dhabi National Energy Company (TAQA) is exploring acquisition opportunities in the US and other regions to expand its international presence and meet its growth targets, as reported by Reuters. ADPower, a subsidiary of Abu Dhabi sovereign wealth fund ADQ, holds a little over 90% of TAQA, which has been diversifying its investments in various markets, including the US. CEO Jasim Husain Thabet stated: "If the right opportunity presents itself for TAQA, we would be pursuing that." In 2024, TAQA's Masdar unit acquired a 50% stake in US renewable energy company Terra-Gen. The UAE has recently announced plans to increase its energy investments in the US to $440bn by 2034, aligning with US President Donald Trump's objectives to secure significant business agreements during his May 2025 Gulf tour. TAQA has outlined a strategy to invest $20bn between 2023 and 2030 in both organic and inorganic growth, to expand its capacity to 150GW from the current 56GW. Thabet expressed a preference for acquiring fully integrated companies that include generation, networks and a growth pipeline. While TAQA is monitoring potential investment opportunities in Syria following the lifting of US sanctions, Thabet considers it too early to commit but remains watchful of the evolving situation. Following a successful bond sale in October 2024 which raised $1.75bn, TAQA is not in immediate need of additional debt but may consider market options if a significant merger and acquisition (M&A) deal arises. Contrary to a news report from March 2025, Thabet confirmed that TAQA has not engaged in discussions with shareholders of Spanish utility Naturgy about acquiring a stake, following abandoned talks in summer 2024. Thabet did not give details of the reasons for the breakdown of negotiations with investor Criteria over its 26.7% stake in Naturgy. In April 2024, TAQA acquired Transmission Investment, a UK-based electricity transmission development and services company, to expand its presence in the offshore electricity transmission sector. "Abu Dhabi's state-owned utility TAQA targets US energy sector expansion" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
