Abu Dhabi National Energy Co - Company Profile
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Business Description
Abu Dhabi National Energy Co (TAQA), a subsidiary of Abu Dhabi Power Corp, acquires and invests in companies, which generate power; desalinate water; explore, produce and store oil and gas; and transmit gas.
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Business Segments
Overview
Carries out the upstream oil and gas activities in the UK. Undertakes upstream and midstream oil and gas activities in the Netherlands, Canada and the US. In FY2022, the segment's capital expenditure stood at AED1,132 million, which decreased 7.4% YoY.
Performance
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Overview
Generates electricity and carries out production of desalinated water for supply in UAE and other countries. In FY2022, the segment's capital expenditure stood at AED183 million, which decreased 20.1% YoY.
Performance
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Overview
Provides transmission and distribution networks through Abu Dhabi Transmission & Despatch Company PJSC (TRANSCO), Abu Dhabi Distribution Company (ADDC) and Al Ain Distribution Company (AADC). In FY2022, the segment's capital expenditure stood at AED2,607 million, which decreased 25.3% YoY.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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