Latest news with #Taqa
Zawya
10-07-2025
- Business
- Zawya
UAE firms in talks with Morocco for wind energy projects
Morocco is in negotiations with several UAE companies to launch wind energy projects in its southern provinces in Western Sahara, press reports have said. As part of its ambitious plan to increase renewable energy's share to 52 percent by 2030, Rabat is reportedly negotiating the wind energy projects with Masdar, AMEA Power, and Taqa, the US-based Attaqa website said. The expected investments for wind energy projects in Morocco's southern provinces in Western Sahara, currently under negotiation, range between $8 billion and $10 billion, with a production capacity reaching 5,000 megawatts (MW), it said. According to the report, Western Sahara currently hosts four operational wind stations with a total capacity of approximately 750 MW. These are Tarfaya (300 MW), Aftissat (200 MW), Laayoune (50 MW), and Akhfenir (200 MW). Upcoming projects include Boujdour (300 MW) and Tiskrad (100 MW), the Attaqa report noted. (Writing by Nadim Kawach; Editing by Anoop Menon) (
Gulf Today
21-06-2025
- Business
- Gulf Today
Mubadala and ADPIC partner to explore strategic collaborations
Mubadala Investment Company (Mubadala), an Abu Dhabi sovereign investor, and the Abu Dhabi Projects and Infrastructure Centre (ADPIC) have signed a partnership agreement to foster collaborations in various areas which features a comprehensive framework for cooperation between the two organisations, aimed at advancing infrastructure initiatives crucial to Abu Dhabi's development as a leading destination of choice. These include comprehensive feasibility studies, knowledge sharing, and assessments to evaluate the viability for proposed projects, as well as sharing insights to develop sustainable financing models. The agreement was signed on the first day of Abu Dhabi Infrastructure Summit (ADIS) 2025, in the presence of Maysarah Mahmoud Eid, Director-General, ADPIC and Khalifa Al Romaithi, Executive Director of UAE Real Estate at Mubadala's UAE Investments Platform. Commenting on the collaboration, Maysarah Mahmoud Eid said, 'Through our collaboration with Mubadala, we are dedicated to pioneering sustainable, high-quality projects that will promote economic growth and create lasting infrastructure developments that meet the Emirate's needs while contributing to its prosperity.' Khalifa Al Romaithi said, 'Our partnership with ADPIC is centred around spearheading future focused state-of-the-art infrastructure projects in Abu Dhabi. This collaboration is a testament to Mubadala and ADPIC's commitment to support Abu Dhabi Government ambitions in making the emirate one of the world's most liveable and economically resilient cities.' The partnership between Mubadala and ADPIC is set to drive forward-thinking solutions and comprehensive project planning across Abu Dhabi's infrastructure landscape, reflecting a robust commitment to future-proofing the Emirate's growth and solidifying its position as a dynamic hub for investment and development. The Abu Dhabi Infrastructure Summit, hosted by ADPIC, is a strategic platform that convenes global leaders, investors, and industry experts to explore innovation, investment, and sustainability in infrastructure. The summit supports Abu Dhabi's long-term vision by fostering collaboration and showcasing opportunities that will shape the Emirate's future-ready, resilient built environment. Meanwhile Mubadala, the Abu Dhabi sovereign investor, and Abu Dhabi National Energy Company (Taqa), one of the largest listed integrated utilities in Europe, the Middle East and Africa have completed the acquisition of a gas-fired power generation plant at the Talimarjan Power Complex in Uzbekistan. Mubadala and Taqa each hold a 40 per cent stake in the 875 MW TPP1 combined-cycle gas-fired plant through a newly established project company, Talimarjan Power Plant 1 LLC. Both Taqa and Mubadala also hold a 40 per cent stake in the Talimarjan Operations & Maintenance LLC (O&M), which was established to operate the plant. Uzbekistan's JSC 'Talimarjan Issiqlik Elektr Stansiyasi' (TIES) holds the remaining 20 per cent stakes in both the project company and the O&M entity. This transaction supports investments into the privatisation of Uzbekistan's power sector. It follows a strategic partnership between the Governments of Uzbekistan and the United Arab Emirates whereby Mubadala and Taqa will bring their global power sector expertise to the local power market in Uzbekistan. The 875 MW TPP1 plant has a Power Purchase Agreement (PPA) with JSC 'Uzenergosotish' (UES) (successor power purchaser to JSC 'National Electric Grid of Uzbekistan') for 25 years and plays a critical part in meeting demand for electricity in Uzbekistan as the country continues to experience rapid population and economic growth. Hammad Rahman, Head of Asia Pacific Infrastructure at Mubadala, said: 'Mubadala is committed to supporting countries across the world to meet their energy needs while reducing carbon emissions. Efficient natural gas-fired powered plants such as TPP1 will play an important part in enabling the transition to cleaner sources of energy.' 'Uzbekistan is recording a significant growth in demand for power, and Mubadala looks forward to working with Taqa and our local partner TIES to ensure communities and businesses across the country have access to reliable, affordable and secure power supply that supports progress and socioeconomic development.' Frank Possmeier, Chief Investment Officer, Generation at Taqa, said: 'Taqa is pleased to collaborate with Mubadala and TIES in acquiring this vital asset that plays a crucial role in Uzbekistan's journey towards a privatised energy sector. As a low carbon power and water champion, Taqa will leverage its extensive experience and expertise to help Uzbekistan meet its growing energy needs while continuing to invest in this critical sector. Our stake in TPP1 demonstrates progress in delivering on our 2030 targets which aim to grow our power generation capacity to 150 GW and strengthens our operation and maintenance capabilities which is also a pivotal element of our strategy. Agencies
Trade Arabia
01-06-2025
- Business
- Trade Arabia
Mubadala, Taqa complete acquisition of 875MW Uzbek power plant
Abu Dhabi sovereign investor Mubadala has announced that it has teamed up with Abu Dhabi National Energy Company (Taqa) for acquiring a gas-fired power generation plant at the Talimarjan Power Complex in Uzbekistan. Mubadala and Taqa each hold a 40% stake in the 875 MW TPP1 combined-cycle gas-fired plant through a newly established project company, Talimarjan Power Plant 1. The 875 MW TPP1 plant has a Power Purchase Agreement (PPA) with JSC 'Uzenergosotish' (UES) (successor power purchaser to National Electric Grid of Uzbekistan (JSC) for 25 years and plays a critical part in meeting demand for electricity in Uzbekistan as the country continues to experience rapid population and economic growth. Both Mubadala and Taqa each have a 40% stake in the Talimarjan Operations & Maintenance (O&M), which was established to operate the plant, while Uzbekistan's 'Talimarjan Issiqlik Elektr Stansiyasi' (TIES) holds the remaining 20% stakes in both the project company and the O&M entity. Hammad Rahman, Head of Asia Pacific Infrastructure at Mubadala, said: "Mubadala is committed to supporting countries across the world to meet their energy needs while reducing carbon emissions. Efficient natural gas-fired powered plants such as TPP1 will play an important part in enabling the transition to cleaner sources of energy." He pointed out that Uzbekistan was recording a significant growth in demand for power, and Mubadala looked forward to working with Taqa and its local partner TIES to ensure communities and businesses across the country have access to reliable, affordable and secure power supply that supports progress and socioeconomic development. Frank Possmeier, Chief Investment Officer, Generation at Taqa, said: "We are pleased to collaborate with Mubadala and TIES in acquiring this vital asset that plays a crucial role in Uzbekistan's journey towards a privatised energy sector." This transaction supports investments into the privatisation of Uzbekistan's power sector. It follows a strategic partnership between the governments of Uzbekistan and the UAE whereby Mubadala and Taqa will bring their global power sector expertise to the local power market in Uzbekistan. "As a low carbon power and water champion, Taqa will leverage its extensive experience and expertise to help Uzbekistan meet its growing energy needs while continuing to invest in this critical sector," he stated. "Our stake in TPP1 demonstrates progress in delivering on our 2030 targets which aim to grow our power generation capacity to 150 GW and strengthens our operation and maintenance capabilities which is also a pivotal element of our strategy. We are committed to enhancing efficiency and ensuring TPP1 runs as a world-class power plant as part of our expanding portfolio as we continue to provide power to the communities we serve," he added.
The National
29-05-2025
- Business
- The National
Abu Dhabi's Taqa keeping tabs on tariffs as it considers international expansion
Abu Dhabi National Energy Company, better known as Taqa, is closely monitoring the global tariff situation as it keeps the option of buying international assets on the table, its chief executive said on Wednesday. Nearly half of the company's capacity is deployed in Abu Dhabi, and it is 'not seeing any direct impact from the tariffs so far', Jasim Thabet told The National in an interview on the sidelines of the World Utilities Congress in Abu Dhabi. 'But we are keeping a close eye on the flow of trades … if there are any tariffs happening [and] if there are opportunities for us to look at new markets to acquire new companies or to invest in other projects,' he said. Mr Thabet said Taqa is focusing on boosting its renewables portfolio and is expected to increase investment to keep pace with the power needs of the booming data centre industry. The company, which in April announced an artificial intelligence-focused initiative expected to drive Dh36 billion ($9.8 billion) of investments, will 'continue to monitor the market for trends', he said. That programme – 'a very big component' of which focuses on renewables – is being implemented in co-operation with Emirates Water and Electricity Company and clean energy firm Masdar, in which Taqa is the biggest shareholder. 'There's a combination of a lot of things – populations are growing, there's a need for additional and efficient power,' Mr Thabet said. 'We're very well placed when it comes to investments.' Taqa aims to deploy more renewable forms of energy, and is addressing one of its biggest challenges – ensuring an efficient transmission network for their distribution. The company owns and operates transmission lines from its power and water plants to roads and homes, and requires operational efficiency to guarantee uninterrupted supply to users. 'There's a big deployment of renewables, so there are lots of opportunities for investment in renewables and also in networks,' he said. 'One of the biggest bottlenecks is rolling out all the transmission networks that will require [those investments].' Data centres consume a significant amount of energy to handle massive amounts of data. Some are using sustainable sources such as solar and water to cut consumption and costs. Power demand from data centres worldwide is predicted to more than double to about 945TWh by 2030. This is slightly more than Japan's entire electricity consumption, data from the International Energy Agency shows. In general, the bigger the data centres, the bigger their energy need. On a monthly basis, small, medium and large-size data centres are estimated to consume as much as 36,000kWh, 2,000MW and 10MW, respectively, according to industry tracker Data Centre World. The global data centre market is expected to surpass $1 trillion by 2034, surging more than 160 per cent from a projected $386.7 billion in 2025, according to Precedence Research. 'Renewables play a very important component of having a balanced supply of energy in the grid,' Mr Thabet said.
Trade Arabia
28-05-2025
- Business
- Trade Arabia
Taqa completes key phase of 9,000kWp Abu Dhabi solar project
Taqa Energy Services, a subsidiary of the Abu Dhabi National Energy Company (Taqa), announced today (May 28) the completion of the third phase of the 9000-kilowatt peak (kWp) solar photovoltaic (PV) project at United Arab Emirates University's (UAEU) campus. Announcing this, Taqa said the 14,400 advanced solar panels, strategically installed across 84,000 sq m area, will be able to generate 18.7 million kilowatt-hours (kWh) of renewable energy annually, supplying 30% of the university's electricity needs and curbing carbon dioxide emissions by over 8,000 tons each year. Taqa Energy Services CEO Khalid Mohamed Al Qubaisi said: "Our ongoing partnership with the UAEU for the country's largest solar project at an educational institution signifies a transformative journey towards sustainability and innovation." "This landmark solar power project epitomizes our dedication to bolstering our contribution towards the UAE's 2030 vision for a sustainable and energy-efficient future," he noted. Prof Ahmed Ali Alraeesi, Acting Vice Chancellor of the UAE University, said: "Collaborating with Taqa Energy Services on this pioneering solar initiative marks a significant step toward our sustainability goals. This project not only powers our campus with clean energy but also inspires our students to lead the charge toward a greener, more resilient future." This collaboration underscores the UAE University's role as a forerunner in integrating sustainable practices while demonstrating Taqa Energy Services' extensive project management capabilities, from initial site evaluation to installation and grid integration. The initiative's initial phase achieved a 27% reduction in energy consumption through retrofitting selected university buildings. The subsequent phase extended these efficiencies to additional facilities within the Al Ain Campus. Completing this third phase marks a significant milestone in Abu Dhabi's energy transition, driven by Taqa Energy Services' pursuit of innovation. Since its inception in January 2020, Taqa Energy Services has been at the forefront of transforming Abu Dhabi's power and water sectors.
