Abu Dhabi National Energy Company PJSC · Abu Dhabi United Arab Emirates · (Other Non-US: TAQA)
Company Description
Phone: +971-2-691-4900
Fax: +971-2-641-3286
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This link will open in a new window The power-hungry Abu Dhabi National Energy Company (doing business as TAQA) has become a global player in just a few short years. TAQA operates in three segments -- Upstream (exploration and production); Downstream (power generation and water desalination); and Midstream (storage, transportation, and processing infrastructure). Its subsidiaries have a global power generating capacity of more than 10,510 MW. TAQA provides more than 90% of Abu Dhabi's power and water supply. The company established a major international presence through a series of exploration and production and midstream acquisitions. TAQA is 51% controlled by the government owned Abu Dhabi Water and Electricity Authority . To read the full description, subscribe now.
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Abu Dhabi National Energy Company PJSC Reports
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Key Abu Dhabi National Energy Company PJSC Financials
| Company Type | Public - Other Non-US: TAQA Headquarters |
| Fiscal Year-End | December |
| 2008 Employees | 2,734 |
Abu Dhabi National Energy Company PJSC Executives
17 executives listed for Abu Dhabi National Energy Company PJSC's Abu Dhabi United Arab Emirates location.
| Title | Name & Bio | Contact |
| Chairman | Hamad Al Suwaidi | |
| Vice-Chairman | H. E. Ahmed Al-Darmaki | |
| General Manager | Carl Sheldon |
Competition
Competitive Landscape for Abu Dhabi National Energy Company PJSC
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top Abu Dhabi National Energy Company PJSC Competitors
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