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 398 million in profit last year with basic earnings that have grown by 525% year on year.
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.
About Abu Dhabi National Energy Company PJSC (TAQA)
Founded in 2005, TAQA (Abu Dhabi National Energy Company (PJSC)) is a global energy company with a growing asset base that exceeds AED 86 billion (USD 23.4 billion). One of the largest companies listed on the Abu Dhabi Securities Market (ADSM), with 2007 revenues of more than AED 8 billion (USD 2 billion), TAQA is a flagship corporation for the Government of Abu Dhabi.
TAQA’s strategic goal is to build and operate a geographically diverse global portfolio of energy businesses across the value chain. It has operations in power generation, water desalination, upstream oil/gas, pipelines, and gas storage.
TAQA employs approximately 2,800 people from 38 different nations and operates from its offices in: Abu Dhabi; Ann Arbor, Michigan; Aberdeen; Amsterdam; Calgary and The Hague. This footprint is further extended through alliances with partners across Africa, the Middle East, Europe, North America and India.
TAQA carries Aa2 and AA- credit ratings from Moody’s and S&P respectively.
