Media

TAQA Chief Executive Nominated ‘CEO of Year’ for Platts 2007 Global Energy Awards

Abu Dhabi, United Arab Emirates.Annual New York City Gala Evening Recognizes Industry’s Best Performing Companies and Their Leaders; TAQA is First Middle East Organization to be Considered for Prestigious Award.The Chief Executive Officer of Abu Dhabi National Energy Company PJSC (ADSM: TAQA), Peter E. Barker-Homek, has been officially nominated ‘CEO of the Year’ for the Platts 2007 Global Energy Awards, the company announced today.TAQA is thought to be the first Middle East-headquartered company to be considered for any of the prestigious awards.The most prestigious honours bestowed in the industry, Platts Global Energy Awards have been described by past entrants and winners as the ‘Academy Awards’ of the energy sector.“TAQA is immensely proud that its chief executive is being considered among the best in the world for the industry’s top honour,” said Abdulla Khunji, TAQA’s Abu Dhabi-based Chief of Staff.“We have always benchmarked our organization against the best in the business, and we believe that our CEO possesses the integrity, strategic vision, leadership, decisiveness, and achievements to take the event’s top award.”The judging panel relies on the expertise of an impartial team of international energy experts, including energy ministers, regulators, past and present heads of major energy companies, and leading academics and legislators.The Platts 2007 Global Energy Awards will be presented at a gala evening in New York City on 29 November.On 1 August of this year, TAQA reported strong financial results for the first half of the year ended 30 June 2007, with total group assets hitting AED 56 billion.H1 2007 revenue reached AED 2.8 billion compared with AED 1.46 billion for the same period in 2006, representing an increase of 90 percent. Q2 2007 earnings grew 126 percent to AED 1.8 billion.TAQA was presented with the Emerging Market Deal of the Year and Middle East Corporate Bond of the Year 2006 awards by EuroWeek.- ENDS -Contact Information for Media:
Allan Virtanen
TAQA Media Relations, Abu DhabiTel +971 2 691 4894; Mob +971 56 685 2717
Allan.Virtanen@taqaglobal.comAbout TAQAEstablished in 2005, TAQA is a diversified international energy group headquartered in Abu Dhabi, the capital of the United Arab Emirates, and listed on the Abu Dhabi Securities Exchange (ADX: TAQA).TAQA’s business is made up of three operating divisions spread across the entire energy value chain: power generation & water desalination; oil and gas exploration & production; and emerging & alternative energy technologies.Power & Water: TAQA is one the largest independent power producers in the world and the majority owner of the facilities that provide 98% of the water and electricity requirements in Abu Dhabi. TAQA’s power plants are located in the UAE, Morocco, Oman, Saudi Arabia, Ghana, India, and USA.Oil & Gas: with operations in Canada, UK, the Netherlands, USA and Iraq, TAQA’s oil and gas business includes exploration and production, underground gas storage and pipeline transportation.Emerging & alternative energy technologies: TAQA Energy Solutions is dedicated to alternative and technology-driven energy initiatives for long-term efficient energy production and generation. TAQA’s vision is to deliver ‘Energy for Growth’: growth within the business; social and economic progress in the communities where TAQA operates; and increased value for our shareholders.Over the past 40 years the UAE and Abu Dhabi have pursued a vision embodied by progressive development, investment and the highest global standards. TAQA is proud to align its strategy both domestically and globally to Abu Dhabi’s economic vision 2030, working towards sustainable economic development. For more information about TAQA visit: www.taqaglobal.com or Twitter: @TAQAGLOBAL