TAQA (Abu Dhabi National Energy Company) is a publicly listed utility and energy company headquartered in Abu Dhabi. The company operates across power generation, water desalination, oil and gas production, and transmission and distribution, with assets in the UAE and multiple international markets.
Structure
TAQA is listed on the Abu Dhabi Securities Exchange, with the Abu Dhabi government (through ADQ and other entities) retaining a majority stake. The company was established in 2005 and has grown through a combination of domestic asset consolidation and international acquisitions.
Domestic Operations
In the UAE, TAQA is a major provider of electricity and water. The company operates power generation plants and water desalination facilities that serve Abu Dhabi’s growing population and industrial base. TAQA also manages the transmission and distribution infrastructure that delivers electricity and water across the emirate, following the transfer of these assets from the Abu Dhabi government.
International Portfolio
TAQA holds energy and utility assets across multiple countries including the United States, Canada, the United Kingdom, the Netherlands, India, Ghana, and several other markets. The international portfolio includes oil and gas production operations, thermal power plants, and renewable energy assets. This geographic diversification provides revenue stability and exposure to different energy markets.
Renewables
TAQA has expanded into renewable energy, becoming a significant shareholder in Masdar following the 2022 restructuring of Masdar’s ownership. TAQA’s majority stake in Masdar positions it at the centre of Abu Dhabi’s clean energy transition strategy, alongside its conventional power generation and oil and gas operations.
Financial Scale
TAQA’s total asset base exceeds $50 billion, making it one of the largest utility companies in the Middle East. The company generates substantial revenue and cash flow from its regulated utility operations in Abu Dhabi, which provide a stable financial foundation for growth and investment.
Role in Vision 2030
TAQA supports the Abu Dhabi Economic Vision 2030 by providing the energy and water infrastructure essential to economic development. The vision requires reliable, affordable, and increasingly sustainable energy supply to support industrial growth, population expansion, and quality of life objectives. TAQA’s combination of conventional utility operations and growing renewables exposure through Masdar positions it as a key institution in Abu Dhabi’s managed energy transition.