• 08 Feb 2018
  • Global

TAQA announces preliminary 2017 full-year financial results

8 February 2018
 ABU DHABI, United Arab Emirates – Abu Dhabi National Energy Company PJSC (TAQA), a leading global energy company headquartered in Abu Dhabi with operations in 11 countries, today announced its preliminary financial results and operational highlights for the full financial year, ending 31st of December 2017.   Commenting on the results, Saeed Hamad Al Dhaheri, acting Chief Operating Officer, said:  “TAQA has come through an extremely tough market environment, with the company’s preliminary financial results reflecting the company’s resilience. Turning to a net profit in 2017 is therefore an impressive and notable achievement. Higher hydrocarbon prices, together with sustained cost efficiencies, benefited our oil and gas business, while the power and water business continued to deliver a robust operational and financial performance. The company is focused on optimizing returns from all of its global assets, while playing a key role in Abu Dhabi’s economic development by being a major player in the regional utilities sector.”  Full year 2017 financial highlights: Operational Highlights: Power & Water Operational Highlights: Oil & Gas – ENDS –     TAQA media relations:  
Sara Al Blooshi
Tel: +971 2 691 4940

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