TAQA (Abu Dhabi National Energy Company)

Abu Dhabi National Energy Company PJSC (TAQA) is a diversified utilities and energy group headquartered in Abu Dhabi and listed on the Abu Dhabi Securities Exchange. Established in 2005 following the privatisation of Abu Dhabi’s power and water sector, it has grown into one of the largest integrated utilities companies in Europe, the Middle East and Africa. TAQA’s core activities span power and water generation, transmission and distribution, sustainable water solutions, and upstream and midstream oil and gas. It supplies the majority of Abu Dhabi’s electricity and potable water needs through a fleet of power and desalination plants and an extensive transmission and distribution network now operated under the TAQA Transmission and TAQA Distribution brands, while TAQA Water Solutions manages wastewater treatment and recycled water production. Internationally, TAQA owns or operates assets across the energy value chain in at least 11 countries and 25 markets, including Canada, the US, the UK and Netherlands, Ghana, Morocco, India, Oman, Saudi Arabia and Iraq. TAQA’s portfolio includes large conventional and renewable generation, major desalination facilities, strategic gas storage and oil and gas fields such as the Atrush block in Iraqi Kurdistan and North Sea assets. By 2025 it had grown gross generation capacity to more than 70 GW, with around 64% from renewables, supported by its controlling stake in Masdar’s renewable business. Group revenues were about AED 54.8 billion in 2025, with EBITDA of AED 20.7 billion and net income of AED 7.5 billion, underpinned by strong utilities earnings. Strategic priorities centre on expanding low-carbon power, reverse-osmosis desalination and transmission infrastructure, advancing large integrated power and water projects in the UAE, Saudi Arabia, Morocco, Uzbekistan and other markets, and delivering an absolute reduction in greenhouse gas emissions in line with Abu Dhabi’s Vision 2030 and the UAE’s Net Zero 2050 agenda.