TAQA is on a journey to become the recognized low carbon power and water champion of Abu Dhabi through growth, optimization and capability building:
Home Market
Our focus will be in our home market of the UAE, and we will leverage our expertise and experience to grow in international markets where we can add value.
Clean Energy
We will focus on clean energy for growth – with a particular focus on renewable power generation and efficient reverse osmosis technology.
Network Growth
We will grow our transmission and distribution network capacity to meet increasing customer demand.
Efficient Networks
We will drive efficiency across our businesses including optimization, digitalization and modernization in our transmission and distribution networks.
Commitment to ESG
Our business will be rooted in a strong commitment to ESG principles and practices, and we will set out a clear plan and bold targets for the reduction of carbon emissions by 2030.
Financial Strength
We will deliver on our strategy while protecting our financial strength and valuing our people, shareholders and the communities in which we operate.
Reduced Exposure
We will focus on commercially viable opportunities to reduce our exposure in oil and gas.
Talent Development
We will enhance our workforce’s capabilities to drive TAQA’s continued growth, with a focus on talent development and performance excellence to achieve our operational ambitions.
As a leading utility player, our business model is centered on:
Optimization
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Create an integrated, efficient, digital utility
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Partner with the government to continue to support an optimal regulatory system
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Ensure prudent financial stewardship and return cash to shareholders through transparent dividend policy
Growth
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Enhance position as Abu Dhabi’s low carbon power and water champion
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Selectively seek value-added growth outside of Abu Dhabi
Capability-building
- Develop competences around core strengths
Our value proposition
Leading sector transformation
- National champion and one of the largest listed integrated utility companies by regulated assets in EMEA
- Vertically integrated across the value chain, benefiting from exclusivity rights over strategic power and water infrastructure assets
Strengthened credit profile
- Highly predictable and secure cash flow profile
- Long-standing, transparent and internationally-aligned regulatory framework
Essential infrastructure company for Abu Dhabi
- Strong ties to Abu Dhabi Government and fully aligned with Abu Dhabi Economic Vision 2030
- Positioned to capture infrastructure growth expected in the UAE
Active contributor towards net zero targets
- Ambitions for growth in low carbon power and water in Abu Dhabi and beyond
- Focused on reducing carbon emissions across business lines – Generation, Transmission & Distribution and Oil & Gas
Best-in-class capabilities
span across asset management and operations, safety and an internationally experienced leadership team