TAQA Snapshot
The power-hungry Abu Dhabi National Energy Company (doing business as TAQA) has become a global player in just a few short years. TAQA operates in three segments -- Upstream (exploration and production); Downstream (power generation and water desalination); and Midstream (storage, transportation, and processing infrastructure). In 2010 the company reported proved and probable reserves of about 570 million barrels of oil equivalent. Its subsidiaries have a global power generating capacity of more than 9,450 MW. TAQA provides 98% of Abu Dhabi's power and water supply. TAQA also owns a 90% stake in a hydroelectric power plant in Ghana and a 25% interest in a steam plant located in Jubail, Saudi Arabia.
