• 09 Nov 2017
  • Global

TAQA announces 9M 2017 Financial Results

9 November 2017

ABU DHABI, United Arab Emirates – Abu Dhabi National Energy Company PJSC (TAQA), a leading global energy company headquartered in Abu Dhabi with operations in 11 countries, today announced its financial results and operational highlights for the period ended 30 September 2017.

Commenting on the results, Saeed Hamad Al Dhaheri, acting Chief Operating Officer, said:

“We’re pleased to see continued strong free cash flow generation, as well as improved margins across our portfolio, which has benefited from increased efficiencies across our operations. During the period, TAQA achieved first oil at our Atrush development in Iraq, which marks an important milestone for the Group. The company has also been able to reduce our financing costs and gradually lower our debt, which will have a positive impact on our financial performance over the coming years.”Financial highlights:
Operational Highlights: Power & Water
Operational Highlights: Oil & Gas
Post-period developments – END –  TAQA media relations:  
Sara Al Blooshi
Tel: +971 2 691 4940
Media.HQ@taqa.com

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