Abu Dhabi National Energy Company, also known as Taqa, will develop a large greenfield power and desalination project with Saudi Aramco, the world's biggest exporter of crude.
The 940-megawatt Tanajib cogeneration and desalination project will have a capacity of 1,084 tonnes per hour of steam and 5.25 million Imperial gallons per day (MIGD) of desalinated water.
Taqa also signed a water and energy conversion agreement with Japan's Marubeni Corporation to develop a greenfield industrial facility that includes provisions for supporting infrastructure such as pipelines to connect the desalination and cogeneration plants with end users.
“Taqa has made a firm commitment to expand its generation capacity by up to 15 gigawatts internationally by 2030 and this project demonstrates the progress we are making on this while also expanding our existing footprint in Saudi Arabia,” Farid Al Awlaqi, Taqa Group’s executive director of generation, said.
Taqa, Saudi Aramco and Marubeni have developed a special purpose vehicle to develop the facilities. Taqa and Marubeni will hold the majority 60 per cent stake. The two companies will operate the plants for 20 years on the build, own, operate and transfer model. The project will supply electricity, steam and desalinated water to oil and gas facilities operated by Aramco.
Taqa is currently considering a possible sale of its oil and gas assets after a strategic review.
In September, the company said it was “assessing strategic options for the oil and gas division and the optimal course for its future development".
"All options will be considered, including the sale of some or all the assets, or the retention and development of the assets within the Taqa Group," the company said in a statement last month.
Taqa plans to invest Dh40 billion ($10.8bn) in infrastructure development, add about 27 gigawatts of power capacity by 2030 and expand its renewables portfolio.
Taqa has upstream and midstream assets in the UK North Sea, the Netherlands, Canada and the Kurdish region of Iraq.
UAE currency: the story behind the money in your pockets
Diriyah%20project%20at%20a%20glance
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Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
Our legal advisor
Ahmad El Sayed is Senior Associate at Charles Russell Speechlys, a law firm headquartered in London with offices in the UK, Europe, the Middle East and Hong Kong.
Experience: Commercial litigator who has assisted clients with overseas judgments before UAE courts. His specialties are cases related to banking, real estate, shareholder disputes, company liquidations and criminal matters as well as employment related litigation.
Education: Sagesse University, Beirut, Lebanon, in 2005.
Past winners of the Abu Dhabi Grand Prix
2016 Lewis Hamilton (Mercedes-GP)
2015 Nico Rosberg (Mercedes-GP)
2014 Lewis Hamilton (Mercedes-GP)
2013 Sebastian Vettel (Red Bull Racing)
2012 Kimi Raikkonen (Lotus)
2011 Lewis Hamilton (McLaren)
2010 Sebastian Vettel (Red Bull Racing)
2009 Sebastian Vettel (Red Bull Racing)
UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
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ESSENTIALS
The flights
Emirates flies from Dubai to Phnom Penh via Yangon from Dh2,700 return including taxes. Cambodia Bayon Airlines and Cambodia Angkor Air offer return flights from Phnom Penh to Siem Reap from Dh250 return including taxes. The flight takes about 45 minutes.
The hotels
Rooms at the Raffles Le Royal in Phnom Penh cost from $225 (Dh826) per night including taxes. Rooms at the Grand Hotel d'Angkor cost from $261 (Dh960) per night including taxes.
The tours
A cyclo architecture tour of Phnom Penh costs from $20 (Dh75) per person for about three hours, with Khmer Architecture Tours. Tailor-made tours of all of Cambodia, or sites like Angkor alone, can be arranged by About Asia Travel. Emirates Holidays also offers packages.
The line up
Friday: Giggs, Sho Madjozi and Masego
Saturday: Nas, Lion Bbae, Roxanne Shante and DaniLeigh
Sole DXB runs from December 6 to 8 at Dubai Design District. Weekend pass is Dh295 while a one day pass is Dh195. Tickets are available from www.soledxb.com
Seven tips from Emirates NBD
1. Never respond to e-mails, calls or messages asking for account, card or internet banking details
2. Never store a card PIN (personal identification number) in your mobile or in your wallet
3. Ensure online shopping websites are secure and verified before providing card details
4. Change passwords periodically as a precautionary measure
5. Never share authentication data such as passwords, card PINs and OTPs (one-time passwords) with third parties
6. Track bank notifications regarding transaction discrepancies
7. Report lost or stolen debit and credit cards immediately
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
RESULT
Huddersfield Town 1 Manchester City 2
Huddersfield: Otamendi (45' 1 og), van La Parra (red card 90' 6)
Man City: Agüero (47' pen), Sterling (84')
Man of the match: Christopher Schindler (Huddersfield Town)
Calls
Directed by: Fede Alvarez
Starring: Pedro Pascal, Karen Gillian, Aaron Taylor-Johnson
4/5
Specs
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Mohammed bin Zayed Majlis
BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
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