Abu Dhabi National Energy Co - Company Profile
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Abu Dhabi National Energy Co (TAQA), a subsidiary of Abu Dhabi Power Corp, is an energy and water company. Its operations include strategic power generation and water desalination assets. The company also operates upstream and midstream oil and gas businesses. It also includes midstream gas storage, oil and gas processing and transportation. The company generates electricity through plants in Ghana, India, Saudi Arabia, Morocco and the US. TAQA serves power, oil and gas and water industries. The company operates through subsidiaries in Middle East, Europe, North America, North Africa, and India. TAQA is headquartered in Abu Dhabi, the UAE.
Headquarters
United Arab Emirates
Address
P.O.Box 55224, Al Maqam Tower, Abu Dhabi Global Market Square, Al Maryah Island
Website
www.taqa.com
Telephone
971 2 6914900
No of Employees
1,119
Industry
Power
Ticker Symbol & Exchange
TAQA (ABD)
Revenue (2022)
$14.1B
3.3%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
107.3%
(2022 vs 2021)
Market Cap*
$91.9B
Net Profit Margin (2022)
XYZ
100.7%
(2022 vs 2021)
* As of and is in US$
Abu Dhabi National Energy Co premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Crude Oil | Desalination |
| Electricity | Gas Storage |
| Natural Gas | Operation and Maintenance |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In March, the company along with JERA Co. signed a power and steam purchase agreement with Saudi Aramco Total Refining and Petrochemical Company to construct a greenfield industrial steam and electricity cogeneration plant. |
| 2024 | Others | In January, the company and ADNOC started US$3.8 billion project to decrease the carbon emissions of ADNOC’s offshore production operations. |
| 2024 | Contracts/Agreements | In January, the company along with Vision International Investment Company and Gulf Investment Corporation entered into an agreement with the Saudi Water Partnership Company for the Juranah Independent Strategic Water Reservoir Project in the Makkah region, Saudi Arabia. |
Competitor Comparison
| Key Parameters | Abu Dhabi National Energy Co | Shell plc | Canadian Natural Resources Ltd | Ovintiv Inc | Qatar Electricity & Water Co QPSC |
|---|---|---|---|---|---|
| Headquarters | United Arab Emirates | United Kingdom | Canada | United States of America | Qatar |
| City | Abu Dhabi | London | Calgary | Denver | Doha |
| State/Province | Abu Dhabi | England | Alberta | Colorado | - |
| No. of Employees | 1,119 | 103,000 | 10,272 | 1,743 | 1,239 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Mohamed Hassan AlSuwaidi | Chairman | Executive Board | 2020 | - |
| Jasim Husain Thabet | Director; Chief Executive Officer; Managing Director | Executive Board | 2020 | - |
| Steve Ridlington | Chief Financial Officer | Senior Management | 2020 | - |
| Mohammad Adnan Sharafi | Chief Legal Officer; Secretary | Senior Management | 2020 | - |
| Gareth Wynn | Chief Communications Officer | Senior Management | 2021 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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