Abu Dhabi National Energy Company (TAQA)

Abu Dhabi National Energy Company (TAQA)

Specializes in the power and water sector that provides energy and water to communities around the world. Learn more

Launch date
Employees
Market cap
€69.0b
Enterprise valuation
€69.0b (Public information from Sep 2024)
Abu Dhabi Emirate United Arab Emirates (HQ & founding location)

Financials

Estimates*

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Revenues, earnings & profits over time
AED2020202120222023202420252026
Revenues24.0b45.7b50.0b51.7b57.0b60.8b62.8b
% growth36 %90 %9 %4 %10 %7 %3 %
EBITDA10.9b20.8b20.7b19.5b21.4b22.8b23.6b
% EBITDA margin46 %45 %41 %38 %38 %38 %38 %
Profit-6.0b8.0b16.6b8.5b9.5b10.2b
% profit margin-13 %16 %32 %15 %16 %16 %
EV / revenue9.5x4.5x8.8x8.5x5.0x5.2x5.0x
EV / EBITDA20.9x9.8x21.1x22.7x13.3x13.8x13.3x
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DateInvestorsAmountRound
-

N/A

-
N/A

N/A

IPO
*
N/A

$3.5b

Post IPO Debt
*

$1.1b

Post IPO Debt
*
N/A

$1.5b

Post IPO Debt
Total Funding-

Recent News about Abu Dhabi National Energy Company (TAQA)

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More about Abu Dhabi National Energy Company (TAQA)info icon
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TAQA operates in the energy sector, focusing on oil and gas production. The company manages the Atrush Block in the Kurdistan Region of Iraq, a significant petroleum basin. Covering 269 square kilometers, the Atrush Block is located 85 km northwest of Erbil, the capital of the Kurdistan Region. The field was discovered in 2011, and production commenced in 2017. In its first two and a half years, the Atrush field produced over 20 million barrels of oil, demonstrating increasing efficiency over time.

TAQA serves clients in the energy market, including government entities and large-scale industrial consumers. The company operates on a business model that involves the extraction, production, and sale of crude oil. Revenue is generated through the sale of this oil to various clients, including government-owned corporations and private enterprises.

Additionally, TAQA owns and operates a 250 MW lignite-based thermal power plant in Neyveli, Tamil Nadu, India. The power generated is sold to the Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO), a government-owned power generation and distribution company.

TAQA's operations are crucial for energy supply in the regions it serves, contributing significantly to local economies and energy infrastructures.

Keywords: oil production, Atrush Block, Kurdistan, petroleum basin, energy sector, crude oil, thermal power plant, lignite-based, TANGEDCO, Tamil Nadu.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Abu Dhabi National Energy Company (TAQA)

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AlMansoori
ACQUISITION by Abu Dhabi National Energy Company (TAQA) Sep 2022
Sustainable Water Solutions
ACQUISITION by Abu Dhabi National Energy Company (TAQA) Jun 2023