Abu Dhabi National Energy Company to Address Investors
The Abu Dhabi National Energy Company PJSC (ADSM: TAQA) today announced that its chief executive will be in London on Monday 23 April to conduct an invitation-only briefing for bondholders of the UAE-headquartered group.
TAQA made a dazzling entry into the international capital markets in September of 2006, pricing the largest ever straight bond issue from the Middle East – a three-tranche blowout totaling the equivalent of USD 3.5 bn that pulled USD 10 bn of demand.
“TAQA has enjoyed a spectacular 2006,” said Peter Barker-Homek, CEO of TAQA. “I eagerly look forward meeting and talking with our London-based stakeholders to share with them details of our 2006 success.”
The global energy company, which invests in a range of power generation, upstream oil/gas, pipelines, LNG Regas, gas storage, and water plants, already has in excess of USD 13.8 bn in assets.
In October of 2006, international ratings agency Moody’s said that they viewed TAQA as “being entrusted with establishing Abu Dhabi as a credible and reliable player in the global market place.”
Abu Dhabi National Energy Company PJSC (TAQA), carries an Aa3 and A+ credit rating and was recently presented Emerging Market Deal of the Year and Middle East Corporate Bond of the Year 2006 awards by EuroWeek.
About Abu Dhabi National Energy Company PJSC (TAQA)
Abu Dhabi National Energy Company (TAQA) www.taqa.ae is a global energy company with investment capabilities in power generation, CHP, desalination, renewables, upstream oil/gas, refining/retail, pipelines, services, structured finance and the creation, syndication and management of assets. TAQA was founded in Abu Dhabi in 2005 and listed on the Abu Dhabi Stock Exchange. At year end 2006 TAQA had in excess of AED 51bn in assets and generated AED 3.4bn revenue. The company currently has in excess of 10,000 MW (gross) of installed generation, upstream oil/gas production, gas processing, pipelines and natural gas storage.. TAQA operates from its offices in Abu Dhabi, London and Amsterdam with alliance partners across the Gulf, Middle East, North Africa, Sub-Saharan Africa, Europe, Asia, Australia, and the United States.
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