Abu Dhabi firms merge and become one of the largest utility companies in EMEA

SMART ENERGY INTERNATIONAL | Two energy companies in Abu Dhabi have collaborated to form what they are calling one of the largest integrated utility companies in Europe, the Middle East and Africa (EMEA).

Abu Dhabi National Energy Company (TAQA) and Abu Dhabi Power Corporation (ADPower) have closed an infrastructure and stake merger and acquisition transaction.

TAQA has acquired ADPower’s energy and water generation, transmission and distribution assets in exchange for 98.60% of share capital.

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