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TAQA plans $1.4 billion spend on capital projects

Abu Dhabi National Energy Company to focus on “organic growth”.

March 17, 2010 6:11 by

Abu Dhabi National Energy Company (TAQA) plans to spend $1.4 billion on five capital projects this year, according to a report by Reuters.

“Our main focus is on organic growth with a $1.4 billion capital expenditure this year for five projects,” TAQA’s general manager Carl Sheldon told the news service.

He added that the state-owned company plans to shift its focus from acquisitions to internal growth, although he said that “we will certainly consider acquisitions around our existing assets.”

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