TAQA, also known as the Abu Dhabi National Energy Company, has been named as one of the world’s Top 250 Global Energy Companies, according to the 2008 Platts Global Energy rankings.
TAQA, along with the Saudi Electricity Company, are the first energy companies from the Gulf region to be listed in the prestigious Top 250 rankings table, highlighting the trend towards greater financial transparency and disclosure.
Based in Abu Dhabi, with operations in the UK, Europe, North America, the Middle East, Africa and India, TAQA came in at No. 234 on the list with reported assets of $18,471 million; a major achievement for a company that was founded in 2005.
The milestone represents a major move forward for Gulf oil companies and serves to further highlight TAQA’s credentials as global energy company committed to transparency and good governance.
TAQA CEO Peter Barker Homek said: “TAQA’s inclusion in the Top 250 Global Energy list is testament to how far we have come as a company in just three years and to the commitment of every employee to ensure that we meet the highest standards of corporate responsibility, transparency and openness.”
“TAQA has invested heavily to ensure it has a best-in-class financial data system and this accolade reinforces this,’’ Mr Barker Homek said.
“TAQA is proud to be one of the first Gulf companies to be included on the list and we will continue to strive for greater transparency and disclosure throughout the region.’’
In order to be included on Platt’s Top 250 Global Energy Company list, companies must publish their financial results and adhere to open and transparent data systems.