• 20 Jul 2008
  • Global

TAQA CEO nominated for Energy Executive of the Year

Abu Dhabi, United Arab Emirates – Abu Dhabi National Energy Company PJSC (TAQA), a global energy company, is pleased to announce the nomination of the company’s Chief Executive Officer, Peter Barker-Homek, as a finalist for Energy Executive of the Year at the prestigious Petroleum Economist Awards.The nomination comes during a period of strong financial results and strategic international partnerships. With further advances into the field of alternative energy, TAQA has developed into a global energy business with AED 4 billion generated in revenues and AED 397 million in profit last quarter, while net profits last quarter grew 525%, compared to the same quarter in 2007.Peter Barker-Homek, CEO of TAQA, said: “I am honoured to be shortlisted for this award. TAQA has consistently delivered outstanding results and developed into a truly global energy firm, which fills me with enormous pride. TAQA employees have worked extremely hard to achieve our goals and I am privileged to work with such an international and dedicated team. Going forward, I look forward to building on the solid foundations of our recent growth and success.”Peter Barker-Homek has over 26 years of professional experience and has been involved in more than USD 30 billion of energy related transactions. Peter was appointed Chief Executive Officer of the Abu Dhabi National Energy Company PJSC (TAQA) in 2006. In the past two years he has steered the company through an incredible period of success and growth. Mr Barker-Homek has developed a clear strategy to expand the business outside of its home market by targeting international investment opportunities across the energy sector. These investments have been in upstream, midstream and downstream assets and have greatly diversified the company’s geographic exposure, expanding its footprint across the Middle East, Europe and North America.The Petroleum Economist Awards celebrate high achievers in the energy sector as decided by an independent panel of judges for each of the awards categories, according to their experience and knowledge of the category subject. Now in its third year, the awards ceremony has welcomed hundreds of company representatives, ambassadors and senior industry figures from across the globe to the historic Banqueting House in London over the past two years. The awards will be held at One Whitehall Place, London on the 19th September 2008.- 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

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