Taqa Secures 24-Year Power Agreement to Boost UAE’s Energy Infrastructure
Abu Dhabi-based energy company Taqa has signed a 24-year power purchase agreement (PPA) with Emirates Water and Electricity Company (EWEC) to develop and operate the 1GW Al Dhafra Open-Cycle Gas Turbine (OCGT) project. According to the agreement, Taqa will own the entire project, including its operation, maintenance, and integration into the UAE’s electrical infrastructure.
Developing Energy Infrastructure in the UAE.
The Al Dhafra OCGT project is an important part of the UAE’s overall strategy to boost energy supply while minimizing carbon emissions. The project will generate 1GW of base-load electricity per day, which is a significant step toward assuring energy stability. The project, part of the EWEC-Masdar partnership, aims to provide renewable energy solutions around the clock, seven days a week.
It strengthens the state of the United Arab Emirates as the world leader in low carbon energy production.
The sub -company of Taka Transfer will supervise the expansion of the National Phase Infrastructure, integrate new power generation capabilities and improve electric transmission. This effort is part of the United Arab Emirates’s efforts to switch to a clean and stable energy landscape.
Investment in Energy Growth
The project falls within a Dh36 billion investment plan aimed at expanding Abu Dhabi’s power infrastructure. Of this, 75% will be allocated to renewable and conventional power generation, while 25% will focus on enhancing the electricity grid. The grid expansion will be incorporated into the regulated asset base to ensure long-term investment and financial returns.
Jasim Thabet, Taqa’s Group CEO and Managing Director, stressed the company’s contribution to the UAE’s clean energy transition. “As a major stakeholder in Masdar, Taqa is at the forefront of the UAE’s efforts to drive clean energy solutions.” We are dedicated to providing consistent, low-carbon power at all times, thanks to our expertise in power generation and transmission.”
Commitment to a sustainable future
The UAE is constantly investing in renewable energy projects to meet its sustainability and net-zero ambitions. Taqa’s involvement in significant energy projects reinforces the country’s global leadership in low-carbon power generation, grid modernization, and sustainable infrastructure development.