Abu Dhabi: Abu Dhabi National Energy Company (TAQA) is set to significantly strengthen Abu Dhabi's growing data and artificial intelligence hub, with the CEO and Managing Director revealing that investments to support the power needs of the emirate's data centre industry will surpass AED37 billion. This development is part of TAQA's strategy to deliver clean, certified, and reliable energy for critical infrastructure.
According to Emirates News Agency, Jasim Husain Thabet, TAQA's Group Chief Executive Officer and Managing Director, discussed the company's growth and strategic acquisitions during the World Utilities Congress 2025. With a market capitalisation of approximately AED360 billion, TAQA ranks among the top five companies in Europe, Africa, and the Middle East for electricity generation, transmission, and water desalination, operating in 25 countries.
In the past four years, TAQA has doubled its electricity production capacity to 56 gigawatts, exceeding the United Kingdom's total electricity consumption. Recent strategic initiatives include acquiring an 875-megawatt gas-powered electricity station in Uzbekistan alongside Mubadala, aiding Uzbekistan's energy transition and entering Central Asian markets. Additionally, TAQA acquired "Transmission Investment," a leading UK-based energy and utility investment platform.
TAQA is enhancing its clean energy portfolio with the construction of a 1-gigawatt gas turbine power station. In collaboration with Masdar, where TAQA holds a significant stake, the company is developing 5 gigawatts of solar energy supported by 19 gigawatt-hours of battery storage. This project, designed to provide a constant 1-gigawatt supply for 24 hours, will be the largest of its kind globally.
Thabet shared that TAQA plans to invest AED75 billion by 2030 to triple its electricity generation capacity to 150 gigawatts. As part of this growth strategy, the company also intends to develop water desalination plants with a combined capacity of 1.3 billion gallons per day, with two-thirds using highly efficient reverse osmosis technology.