Bid & Tender


TAQA Invests $65mn in Taweelah B Independent Power and Water Plant

Abu Dhabi National Energy Co. (TAQA) has expanded its stake in Taweelah B Independent Power and Water Plant with an investment of 239 million dirhams ($65 million).  


In a regulatory disclosure on last Friday, the Abu Dhabi Securities Exchange (ADX)-listed integrated utility said it has entered into the operations and maintenance (O&M) of the Taweelah B and acquired an additional stake in the plant.  


TAQA completed its acquisition from BTU Power Company and its liquidators of BTU’s entire interest in the Taweelah B IWPP in Abu Dhabi.  


"In particular, TAQA acquired an additional 10% ownership stake in the owner of the Taweelah B IWPP – Taweelah Asia Power Company, thereby increasing TAQA’s overall ownership stake in TAPCO to 70%. In addition, TAQA acquired a 25% ownership stake in Asia Gulf Power Service Company Limited (the O&M contractor to TAPCO)."  


The Taweelah B IWPP, owned and operated by TAPCO, has 2.2 gigawatts (GW) of gross installed power generation capacity and 162 million imperial gallons per day of gross installed water desalination capacity.  


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