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Abu Dhabi National Energy Company "TAQA" is considered the strategic investment arm of ADWEA. The company was established in 2005 mainly to invest the shares of ADWEA in the IWPP's, of which ADWEA owns 51%, within its privatization program implemented in production sector.
In a short period of time TAQA has emerged as a prominent international company, through efficient investments in the field of power generation, water desalination, renewable energy, oil and gas exploration and the laying of pipe lines; in addition to restructuring finance of operations, asset building, organization and management. TAQA investing operations are now spread all over the world.
TAQA also owns the larger stake in six of the Independent Water & Power Producers "IWPP's", in Gulf Total Tractebel Power Company, Taweelah Asia Power Company, Emirates SembCorp Water & Power Company, Emirates SembCorp Water & Power Company, Shuweihat CMS International Power Company and the Arabian Power Company
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