Abu Dhabi National Energy Company (TAQA), a leading global energy company with operations in 11 countries, said the total group revenues were stable at Dh17.6 billion ($4.79 billion) in 2019 (down 1% versus 2018). 

It said the group had achieved strong operational performance for the year with increased production levels across its businesses: power, water, oil and gas. “This helped ensure continued financial profitability for the group for a third consecutive year, despite more challenging market conditions for the oil and gas industry,” the company said.

The net income attributable to TAQA shareholders was Dh234 million, a Dh164 million decrease year-on-year, it said.

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