Enhances TAQA’s position as a global low-carbon power & water leader with an integrated water platform acquisition
Expands water footprint to 10 countries, set to add 171 MIGD of desalination capacity, fast-tracking TAQA’s 2030 water targets
GS Inima’s 2024 EBITDA of EUR 106 million on EUR 389 million in revenue reflects the quality and scale of its earnings
Continue reading TAQA to Expand Global Water Platform through USD 1.2 billion Acquisition ofGS InimaStructured as floating-rate facility in AED, delivering lower borrowing costs, allowing for phased drawdowns and supporting TAQA’s 2025 funding plan
Complements TAQA’s existing $20 billion global bond programme and $3.5 billion revolving credit facility
AED-denominated facility diversifies funding sources and reflects strong market confidence in TAQA’s AA credit profile
Continue reading TAQA Secures AED 8.5 Billion Term Loan to Boost Liquidity and Advance Growth StrategyADDC and AADC Merge to Become ‘TAQA Distribution’ with the scale and capability to better serve Abu Dhabi customers
TAQA Launches Unified Brand Identity Across Portfolio, Introducing TAQA Distribution TAQA Transmission, TAQA Water Solutions, and TAQA Energy Services
Continue reading TAQA Announces New Unified Customer Facing Distribution Company and Launches New Brands for its Group CompaniesTAQA, Vision Invest and GIC Consortium Announce Financial Closing for Juranah Independent Strategic Water Reservoir Project in Makkah
The project is the first of its kind in the Kingdom of Saudi Arabia
Active private sector involvement in essential water infrastructure development
Addressing municipal potable water demand across the Kingdom
Abu Dhabi, UAE – 4 June 2024: Abu Dhabi National Energy Company PSJC (TAQA), one of the largest listed integrated utilities in Europe, the Middle East and Africa, alongside Vision International Investment Company (Vision Invest) and Gulf Investment Corporation (GIC), announced the achievement of the financial closing for the Juranah Independent Strategic Water Reservoir Project (ISWR-1) in Makkah region, Saudi Arabia. Together with Vision Invest and GIC, the consortium has successfully completed all financing arrangements for this groundbreaking project.
Continue reading TAQA, Vision Invest and GIC Consortium Announce Financial ClosingTAQA, Vision Invest and GIC Consortium Wins Juranah Independent Strategic Water Reservoir Project in Makkah
The project is the first of its kind in the Kingdom of Saudi Arabia, reflecting active private sector involvement in essential water infrastructure development
Abu Dhabi, UAE – 2 January 2024:Abu Dhabi National Energy Company PSJC (TAQA), one of the largest listed integrated utilities in Europe, the Middle East and Africa, is delighted to announce its participation in the winning consortium for the Juranah Independent Strategic Water Reservoir Project (ISWR-1) in the Makkah region, Saudi Arabia.The consortium, which also includesVision International Investment Company (Vision Invest) andGulf Investment Corporation (GIC), has signed the relevant project agreements with the procurer Saudi Water Partnership Company (SWPC).
Continue reading TAQA, Vision Invest and GIC Consortium Wins Juranah Independent Strategic Water Reservoir Project in Makkah
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