The Abu Dhabi National Energy Company (ADSM: TAQA) announced today that it has been presented with two prestigious awards for industry excellence in 2006 – “Emerging Market Deal of the Year” and “Middle East Corporate Bond of the Year”.
Together with lead arranger Goldman Sachs, TAQA made a dazzling entry into the international capital markets in September of 2006, pricing the largest ever straight bond issue from the Middle East – a three-tranche blowout totaling the equivalent of USD 3.5 billion that pulled USD 10 billion of demand.
The two related awards, presented by EuroWeek, were the based on the group’s market poll.
“TAQA is a company which takes an innovative approach to all we do, from how we raise capital to how we invest it, ” said Peter Barker-Homek, chief executive officer of Abu Dhabi National Energy Company.
“These two EuroWeek awards recognize and celebrate TAQA’s spirit of innovation and its pioneering approach to project finance in the Middle East,” added Barker-Homek.
The company, which invests in a range of power generation, upstream oil/gas, pipelines, LNG Regas, gas storage, and water plants, already has in excess of USD 10 billion in assets.
In October of 2006, international ratings agency Moody’s said that they viewed TAQA as “being entrusted with establishing Abu Dhabi as a credible and reliable player in the global market place.”
About Abu Dhabi National Energy Company (TAQA)
Abu Dhabi National Energy Company (TAQA) www.taqa.ae is a global energy company with investment capabilities in power generation, CHP, desalination, renewables, upstream oil/gas, refining/retail, pipelines, services, structured finance and the creation, syndication and management of assets. TAQA was founded in Abu Dhabi in 2005 and listed on the Abu Dhabi Stock Exchange. TAQA has in excess of AED 31bn in assets, turnover of AED3.3bn, in excess of 7,000 MW (gross) of installed generation, upstream oil/gas production, gas processing, pipelines and natural gas storage. TAQA operates from its offices in Abu Dhabi, London and The Hague with alliance partners across the Gulf, Middle East, North Africa, Sub-Saharan Africa, Europe, Asia, Australia, and the United States.
