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TAQA and EWEC Reach Financial Close on AED 3.6 Billion Al Dhafra Power Plant to Support UAE AI Strategy.

Jan 05, 2026

Contract Type

contract

Abu DhabiEnergyOil And GasRenewable EnergyBiomass Energy

Description

TAQA and EWEC have achieved financial close on the AED 3.6 billion Al Dhafra Power Plant project. This infrastructure initiative aims to supply electricity to growing data center developments and support the UAE's National Strategy for Artificial Intelligence 2031.

Quick answer

TAQA and EWEC Reach Financial Close on AED 3.6 Billion Al Dhafra Power Plant to Support UAE AI Strategy. (January 5, 2026). TAQA Group is based in Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates.

What agreement did TAQA Group announce on January 5, 2026?: TAQA and EWEC have achieved financial close on the AED 3.6 billion Al Dhafra Power Plant project. This infrastructure initiative aims to supply electricity to growing data center developments and support the UAE's National Strategy for Artificial Intelligence 2031.
What does TAQA Group do?: TAQA, established in 2005, is a diversified utilities and energy group headquartered in Abu Dhabi, United Arab Emirates.
Where is TAQA Group based?: TAQA Group is based in Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates.

Source: Fundz verified event record.

Company Information

Company

TAQA Group

Location

Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates

About

TAQA, established in 2005, is a diversified utilities and energy group headquartered in Abu Dhabi, United Arab Emirates. Listed on the Abu Dhabi Securities Exchange (ADX: TAQA), the company is a fully integrated utility provider with extensive operations across power and water generation, transmission, and distribution. In addition to its utility business, TAQA also operates in the upstream and midstream oil and gas sectors. The company’s global asset portfolio spans across Canada, Ghana, India, Morocco, Oman, Saudi Arabia, the UAE, the Netherlands, the United Kingdom, and the United States.