Abu Dhabi National Energy Company PJSC (Abu Dhabi Securities Market: TAQA)


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Business Description
Abu Dhabi National Energy Company PJSC (TAQA), a subsidiary of Abu Dhabi Water and Electricity Authority (ADWEA), is a United Arab Emirates-based company that operates in the energy sector. The Company is organized into five business segments: the Power and Water segment- the United Arab Emirates (UAE), which is engaged in the generation of electricity and production of desalinated water for supply in the UAE; the Power segment is engaged in the generation of electricity in Morocco, India, Ghana, Saudi Arabia and North America; the Oil and Gas segment-North America, which is engaged in upstream and midstream oil and gas activities in Canada and the United States; the Oil and Gas segment-United Kingdom, which is engaged primarily in upstream oil and gas activities in the United Kingdom, and the Oil and Gas segment-Netherlands, which is engaged primarily in upstream and midstream oil and gas activities in the Netherlands.