Abu Dhabi state utility Adpower announced on 3 February that it has offered partially privatized energy firm Taqa – owned 74.1% by government through Adpower and 25.9% by private shareholders – the majority of its electricity and water assets in return for shares that would boost its stake in Taqa to 98.6%.
Net generating capacity to be transferred amounts to 4.59GW (see table), although Adpower’s announcement gave the total as “approximately 4.9GW.” (CONTINUED - 722 WORDS)
