Carl Sheldon appointment as TAQA CEO

Press release

Published October 26th, 2011 - 06:27 GMT

Al Bawaba

The Abu Dhabi National Energy Company TAQA, a publicly listed company on the Abu Dhabi Securities Exchange, has appointed Carl Sheldon, Chief Executive Officer of the company. He succeeds H.E. Abdulla Saif Al Nuaimi, who stepped down as TAQA’s Chief Executive Officer in July 2011 to focus on his role as director general of Abu Dhabi Water and Electricity Authority (ADWEA).

H.E Hamad Al Hurr Al Suwaidi, Chairman of the TAQA board, commented: “Carl has been a vital asset to the business during the past two years as TAQA’s General Manager. Carl will continue to lead the company in the right direction to deliver value to our shareholders. The board is confident in Carl’s continued success .”

Mr. Sheldon will remain member of the board of directors of TAQA.

Background Information

Abu Dhabi National Energy Company

Abu Dhabi National Energy Company (TAQA) is a global energy company majority owned by the Abu Dhabi Government and listed on the Abu Dhabi Securities Exchange.

Its activities include oil and gas, power generation and water desalination across five continents. With operations in the UK, the Netherlands and North America, our oil and gas business includes exploration and production, storage and pipelines. It produces almost 137,000 barrels of oil equivalent per day in the North Sea and North America, as well as operating and developing extensive gas storage facilities in the Netherlands.

TAQA is the 6^th largest independent power producer in the world. Its power plants are located in the United Arab Emirates, Morocco, Saudi Arabia, Ghana, India, and the United States. TAQA is the majority owner in the facilities that provide 98% of the water and electricity requirements in the Emirate of Abu Dhabi.

Established in 2005, TAQA’s entrepreneurial culture has laid the foundations for long-term sustainable growth building on its commitment to people, safety and the environment.