Abu Dhabi National Energy PJSC (TAQA) News - Mubasher Info
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05 April 01:25 AM

Abu Dhabi National Energy PJSC (TAQA`B)

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News

TAQA has reached an agreement on the sale terms with Blue Sky
4 August 2021 04:28 PM TAQA nears deal to sell assets in Canada
Abu Dhabi – Mubasher: Abu Dhabi National Energy Company's (TAQA) is nearing a deal to sell some light oil and natural gas-producing assets in Alberta and British Columbia to Blue Sky Resources, three sources told Reuters. One of the sources said …
Companies Investments
Moody's has withdrawn TAQA's baa1 BCA
8 July 2021 03:46 PM Moody's affirms ratings of TAQA, SENAAT
Abu Dhabi – Mubasher: Moody's Investors Service (Moody's) has affirmed the Aa3 ratings of Abu Dhabi National Energy Company (TAQA)  and the A3 ratings of General Holding Corporation (SENAAT), with a stable outlook for TAQA and a negative outlook …
Ratings
The project will feature a storage facility at Khalifa Port
7 July 2021 03:28 PM TAQA, Abu Dhabi Ports plan to build 2 GW green hydrogen to ammonia project
Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) is discussing with Abu Dhabi Ports the development of a 2 gigawatts (GW) industrial-scale green hydrogen to ammonia export project in Abu Dhabi. TAQA and Abu Dhabi Ports are holding …
Companies Investments
TAQA's financial flexibility would remain solid
29 June 2021 01:15 PM Fitch affirms TAQA's rating at 'AA-'; outlook stable
Abu Dhabi – Mubasher: Fitch Ratings has affirmed Abu Dhabi National Energy Company's (TAQA) Long-Term Issuer Default Rating (IDR) and senior unsecured rating at 'AA-', with a stable outlook. Affirming TAQA's rating is driven by Fitch's view of the …
Ratings
A 10% stake could be valued at around $4.3 billion
10 June 2021 02:05 PM Chinese company in talks to acquire 10% stake in TAQA
Abu Dhabi – Mubasher: China Southern Power Grid Co, a Chinese state-owned company, is holding talks to buy about a 10% stake in Abu Dhabi National Energy Company (TAQA), sources told Bloomberg. The sources remarked that the Chinese company is …
Mergers and Acquisitions
TA’ZIZ aims to strengthen the UAE’s economic growth
1 June 2021 04:53 PM ADNOC, TAQA sign agreement to develop utilities at TA’ZIZ
Abu Dhabi - Mubasher: Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company (TAQA) have inked an agreement to develop utilities at TA’ZIZ, the new chemicals production hub currently under development at Ruwais in Abu Dhabi. …
Companies Investments
Photo Archive
9 May 2021 02:33 PM Shuaa Capital sells 20% stake in MIPCO to Japanese investor
Dubai – Mubasher: Shuaa Capital has sold its 20% equity stake in Mirfa International Power and Water Company (MIPCO) to Sojitz Corporation (Sojitz), a leading Japanese group. Established in 2014 in Abu Dhabi, MIPCO was the 10th project in the …
Companies Investments
The company generated revenues of AED 10.326 billion in Q1-21
5 May 2021 11:07 AM TAQA records AED 1.435bn profits in Q1-21; dividends proposed
Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) has achieved net profits attributable to the equity holders of AED 1.435 billion during the first quarter (Q1) of 2021, according to the company's proforma interim consolidated …
Cash Dividends
The order book was four times oversubscribed
2 May 2021 11:57 AM TAQA completes $1.5bn dual-tranche bond offering
UAE – Mubasher: Abu Dhabi National Energy Company (TAQA) announced the placement of $1.5 billion in seven-year and 30-year dual-tranche senior unsecured notes, according to a disclosure on Sunday. The seven-year bonds, which stand at $750 million …
Companies Investments
Abu Dhabi aims to attract more international investments
22 April 2021 02:34 PM Abu Dhabi eyes selling 10% stake in TAQA
Abu Dhabi – Mubasher: Abu Dhabi is considering selling a 10% stake in Abu Dhabi National Energy Company (TAQA), which could be worth over $4 billion based on its current market price, sources told Bloomberg. This step is part of Abu Dhabi's …
Companies Investments
The company has also announced a tender offer for 3.625% notes
19 April 2021 11:48 AM TAQA hires banks to arrange dual-tranche bond issuance
Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) has hired banks to arrange a dual-tranche bond issuance, comprising a seven-year tranche and 30-year Formosa paper, Reuters reported. The company has also announced a tender offer …
Bonds
TAQA plans to increase dependence on solar energy in power generation
24 March 2021 02:15 PM TAQA to add AED 40bn to UAE regulated asset base as part of 2030 vision
Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) will invest an additional AED 40 billion in its UAE regulated asset base to improve its transmission and distribution business.  This announcement is part of the company’s 2030 vision …
Companies Investments
The total cash dividend for 2020 increased to AED 2.811bn
21 March 2021 11:05 AM TAQA's OGM nods to AED 1.124bn final dividends
Abu Dhabi – Mubasher: The ordinary general meeting of Abu Dhabi National Energy Company (TAQA) has approved a final cash dividend distribution of AED 1.124 billion or 1 fils per share. The total cash dividend for 2020 increased to AED 2.811 …
Management Decisions
The company has formed its oil and gas portfolio through a number of acquisitions
17 March 2021 05:29 PM TAQA considers selling oil, gas assets
Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) is reportedly weighing a potential sale of its oil and gas assets to focus on power generation, sources told Bloomberg. The sources referred that Taqa is reviewing its oil and gas …
Companies Investments
The group's revenues decreased by 6% in 2020
15 February 2021 11:29 AM TAQA reports lower net profits in 2020; dividends recommended
Abu Dhabi – Mubasher: The pro-forma consolidated financial results of Abu Dhabi National Energy Company (TAQA) showed a decline in net profits attributable to the equity holders of the parent to AED 2.788 billion in 2020 from AED 5.435 billion in …
Board of Directors
TAQA's shareholders had agreed on distributing interim dividends
29 December 2020 11:48 AM TAQA receives approvals for new dividend policy
Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) has obtained the necessary approvals for its new dividend policy for 2020-2022 from the Department of Economic Development and the Securities and Commodities Authority (SCA). These …
Management Decisions
The tariffs were improved to AED 4.85 fils/kWh
22 December 2020 00:26 PM TAQA-led consortium announces financial closing for Al Dhafra project
Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA), Masdar, EDF Renewables, and JinkoPower have announced the financial closing of the Al Dhafra Solar Photovoltaic (PV) Independent Power Producer (IPP) project. A total of seven …
Companies Investments
The full-year 2020 dividends are forecast to reach AED 2.811bn
14 December 2020 11:25 AM TAQA's shareholders nod to new dividend policy for 2020-2022
Abu Dhabi – Mubasher: The shareholders of Abu Dhabi National Energy Company (TAQA) have approved a new dividend policy for 2020-2022. As part of the new policy, dividends for 2020 will be distributed through interim dividends of 1.5 fils per …
General Assembly
The group has generated revenues of AED 30.82bn in 9M
10 November 2020 10:51 AM TAQA reports lower profits in 9M; dividends proposed
Abu Dhabi – Mubasher: The net profits attributable to the equity holders of Abu Dhabi National Energy Company (TAQA) decreased to AED 2.21 billion in the first nine months of 2020 from AED 2.67 billion in the same period of 2019. The group has …
Cash Dividends
The placement is one of Morocco’s largest private bond placements in 2020
17 September 2020 11:50 AM TAQA's unit finalises AED 1.08bn bond placement in Morocco
Abu Dhabi – Mubasher: TAQA Morocco, an 85.79% subsidiary of Abu Dhabi National Energy Company (TAQA), has finalised a bond issuance by a private placement for AED 1.08 billion ($293.8 million). The placement is one of Morocco’s largest private …
Bonds
The group's total revenues reached AED 7.3bn
13 August 2020 11:55 AM TAQA sees AED 1.93bn net loss in H1-20
Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) registered net losses attributable to equity holders of the parent company of AED 1.93 billion in the January-June period of 2020, against net profits of AED 214 million in the same …
Financial Results
Al Yafei occupied several leadership roles
9 August 2020 11:35 AM TAQA appoints new CEO for unit
Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) has appointed Afif Saif Al Yafei as a new CEO for its subsidiary Abu Dhabi Transmission and Despatch Company (TRANSCO). Al Yafei occupied several roles, including executive vice …
Board of Directors
The project was subject to a procurement process
26 July 2020 00:24 PM TAQA-led consortium awarded world's largest solar power plant
Abu Dhabi – Mubasher: A consortium led by the Abu Dhabi National Energy Company (TAQA) and Masdar has won the development of Al Dhafra Solar Photovoltaic (PV) Independent Power Producer (IPP) project, the world’s largest solar power plant. The …
Companies Investments
Abu Dhabi Distribution Company (ADDC) won the projects
19 July 2020 11:11 AM TAQA's unit awarded AED 900m recycled water distribution projects
Abu Dhabi – Mubasher: One of the subsidiaries of Abu Dhabi National Energy Company (TAQA) was awarded two projects at a total value of AED 900 million to expand the company's recycled water distribution programme. Abu Dhabi Distribution Company …
Companies Investments
Initial power generation is expected by the summer of 2022
7 July 2020 11:52 AM TAQA announces financial closing for UAE's largest gas power plant
Abu Dhabi - Mubasher: Abu Dhabi National Energy Company (TAQA) announced the financial closing for the Fujairah F3 Independent Power Producer (IPP) project valued at AED 4.2 billion, Emirates News Agency (WAM) reported on Tuesday.  The investment …
Companies Investments