image description
image description
Tell A Friend

FinancialNews


  • 25-03-21

    Abu Dhabi energy giant Taqa announces plan to invest in UAE

    (MENAFN)Abu Dhabi energy giant Taqadeclared that it will invest 40 billion dirhams (USD10.88 billion) in the UAE as it increases solar projects and declines exposure to hydrocarbons.

    Developing proficient solar power and reverse osmosis desalination technology is going to present main part of the plan, according to the energy company.

    TAQA Chairman Mohamed Hassan Al-Suwaidi stated that “TAQA has the support of our shareholders for this new strategy and is on its way to become the recognized low carbon power and water champion from Abu Dhabi, and this strategy sets out how the company will achieve this ambition,” adding that “As we emerge from the pandemic, around the world there will be an increasing focus on the need for clean, reliable and sustainable sources of power and water.”

    Gulf national energy companies are reviving themselves in response to a continued decrease in oil prices and greater consciousness of global warming and the harmful impact of hydrocarbons on the environment.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved