Press releases, Reports & Disclosures for Abu Dhabi National Energy Company

TAQA, an integrated utility company, and JERA, Japan's largest power generation company, have partnered with Saudi Aramco Total Refining and Petrochemical Company to develop an industrial steam and electricity cogeneration plant. The plant, expected to be operational in 2027, will supply up to 475MW of power and about 452 tons of steam per hour. The facility, located in the Eastern Province of Saudi Arabia, will provide electricity and steam for the Amiral petrochemical complex. The plant will also meet stringent efficiency standards and has provisions for future carbon dioxide capture and hydrogen co-firing. The project will be developed by TAQA and JERA on a 25-year build, own, and operate basis.

The Abu Dhabi Future Energy Company (Masdar), in which the Abu Dhabi National Energy Company (TAQA) holds a 43% stake, has signed a definitive agreement to acquire a 50% stake in Terra-Gen Power Holdings II, one of the largest independent renewable energy power producers in the US, from Energy Capital Partners (ECP). ECP will fully exit its position in Terra-Gen as a result of the transaction. The remaining 50% stake in Terra-Gen will be retained by Igneo Infrastructure Partners, which made its initial investment in Terra-Gen in December 2020. The transaction is expected to close by the end of 2024, subject to regulatory and other customary approvals.

The letter, dated March 14, 2024, is from Mohammad Adnan Sharafi, Secretary to the Board of Directors of the Abu Dhabi National Energy Company PJSC ("TAQA" or "Company"). It is addressed to Mr. Hamad A. Al Ali, Acting Head of Listed Companies Affairs at the Abu Dhabi Securities Exchange. The letter discusses the results of TAQA's Annual General Assembly meeting, which took place both in-person at the company's headquarters in Abu Dhabi and virtually with the participation of shareholders, on March 14, 2024, at 3:00 pm.

The Board of Directors of Abu Dhabi National Energy Company PJSC (TAQA) held a meeting on 06 March 2024 via video conference. They endorsed a proposal to pay a total of AED 29,105,000 as board and board committee fees for the financial year 2023, pending approval by shareholders at the annual general assembly due to be held on 14 March 2024. The Board also discussed general matters related to the company's activities.

The Board of Directors of the Abu Dhabi National Energy Company PJSC (“TAQA”) will hold a meeting at 3pm on Wednesday, 6th March 2024, via video conference. The agenda includes endorsing proposed board and board committee fees for the financial year ending 31 December 2023 for subsequent shareholder approval and discussing other general matters related to the company's activities and projects. The communication is addressed to Mr. Hamad A. Al Ali, the Acting Head of Listed Companies Affairs at Abu Dhabi Securities Exchange.

The Acting Head of Listed Companies Affairs at Abu Dhabi Securities Exchange, Mr. Hamad A. Al Ali, has received a letter from Mohammad Adnan Sharafi, Secretary to the Board of Directors of Abu Dhabi National Energy Company PJSC (“TAQA” or the “Company”). The letter informs Mr. Al Ali that there will be a meeting of TAQA's Board of Directors on Wednesday, 06 March 2024, to be held via video conference. The agenda for the meeting includes endorsing proposed board and board committee fees for the financial year ending 31 December 2023 for subsequent shareholder approval and discussing other general matters relating to the activities of the company and its projects.

The Board of Directors of Abu Dhabi National Energy Company PJSC (TAQA) has invited shareholders to attend the Annual General Assembly meeting on 14 March 2024 at 3:00 pm (UAE time). Shareholders can attend in person at the company's headquarters in Abu Dhabi or virtually through an electronic link sent via SMS or email. The agenda includes authorizing the chairman of the general assembly to appoint a secretary for the meeting and a vote collector, approving the board's report on the company's activities and financial position for the year ended 31 December 2023, approving the External Auditor’s report for the same period, and approving the company's balance sheet and profit and loss account for the same period.

The Board of Directors of Abu Dhabi National Energy Company (TAQA) met on February 13, 2024, and made several resolutions. Firstly, they approved the audited financial results for the financial year ending on December 31, 2023. Secondly, they approved a proposal for the payment of a final cash dividend of 2.00 fils per share, bringing the total dividend for the financial year to 3.95 fils per share, subject to shareholder approval. Key dates include the last day to participate on March 21, 2024, the ex-dividend date on March 22, 2024, the record date on March 25, 2024, and the payment date on April 12, 2024. Lastly, they decided to invite shareholders to the Annual General Assembly of the Company on March 14, 2024.