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About the Owner of Abu Dhabi National Energy Co. PJSC
TAQA is an energy and water company engaged in oil and gas exploration, production, pipelines, underground gas storage, power generation, and water desalination. The Company is organized into 5 business segments.
The company was established in June 2005 under the provisions of Emiri Decree (16) as a public joint-stock company and has since become one of Abu Dhabi’s flagship companies that are playing a crucial role in helping to deliver the economic strategy of the Emirate of Abu Dhabi.
The company was born out of the Abu Dhabi Water and Electricity Authority with the transfer of its majority interests in six Independent Water and Power Producers to TAQA. An IPO and listing on the Abu Dhabi Securities Exchange followed in August 2005, with ADWEA retaining a shareholding of 51%.
About Abu Dhabi National Energy Co. PJSC
|Company Name||Abu Dhabi National Energy Co. PJSC|
|Official Website||Abu Dhabi National Energy Co. PJSC|
|Chairman||H.E. Mohamed Hassan Alsuwaidi|
|Owner||Government of Abu Dhabi|
||Oil and gas exploration and production, pipelines, underground gas storage,
power generation, and water desalination
Abu Dhabi, United Arab Emirates
Al Maqam Tower (Tower 3), Abu Dhabi Global Market Square, Al Maryah Island
Details of the owner of Abu Dhabi National Energy Co. PJSC
H.E. Mohamed Hassan Alsuwaidi is the chairman of Abu Dhabi National Energy Co. PJSC. He is elected to the Board in 2019 and elected Chairman in 2020. He is the Chief Executive Officer of ADQ and a company holding interests in state-owned entities across various development-related sectors including Abu Dhabi Power Corporation.
He also serves as Chairman of Emirates Water and Electricity Company and is a Non – Executive Board Member of ADNOC Distribution, Emirates Nuclear Energy Corporation, Emirates Global Aluminium, etc.
Details of the Abu Dhabi National Energy Co. PJSC
TAQA has a main focus on investments in the companies engaged in power generation, water desalination, and the production and storage of oil and gas. It has invested in the mining, metal, and service sector.
TAQA has done investments in over 60 companies. Its principal wholly-owned subsidiaries include Emirates Power Company, Gulf Power Company, Arabian United Power Company, Al Shuweihat Power Company, Taweelah United Power Company, Union Power Holding Company, etc.
Purpose of the company
The vision of the company
To provide the clean power and water that governments, businesses, and consumers need for a sustainable and successful life
The mission of the company
Be a low-carbon power and water champion.
The Values of the company
- Safe- To put safety above all else
- Sustainable- We do what is right for our environment, community, and people
- Collaborative- We are stronger together
- Innovative- We seek creative ways to deliver results
Board of Directors of Abu Dhabi National Energy Co. PJSC
|H.E. Mohamed Hassan Alsuwaidi|
|H.E. Saeed Mubarak Al-Hajeri|
|Jasim Husain Thabet||Group Chief Executive Officer and Managing Director|
|Chief Financial Officer|
Omar Abdulla Alhashmi
|Executive Director of Transmission and Distribution|
Abu Dhabi National Energy Co. PJSC Shareholder
|Emirate of Abu Dhabi (United Arab Emirates)||110,860,170,500||98.6%|
Abu Dhabi National Energy Co. PJSC Customer care