![]() ![]() ![]() Pooling the resources of both these companies will indeed create a scenario where the newly strengthened TAQA will have the financial pull, coupled with sizeable existing infrastructure, to get new water and power projects tendered and approved more quickly. In a recent interview, Jasim Husain Thabet, Chief Executive Office and Managing Director of ADPower, said that the two companies were creating: “…a dynamic engine of growth that will continue to attract world-class talent, partnership and investment.” Already, we can see that the direction that the newly dubbed ‘regional utilities champion’ wants to take is one of expansion and public involvement. In a very real sense, the move will make government-owned TAQA the de facto face of utility provision for the UAE, with a powerful hold on shaping its future of water and power generation and distribution. This transaction was prompted by the Abu Dhabi Government’s desire to move more quickly in reaching the targets of the UAE’s Energy Strategy 2050 and Water Security Strategy 2036, namely to expand the nation’s utilities capacity while at the same time making generation and distribution cleaner, safer and more sustainable. ![]()
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