ABU DHABI, 25 October 2007 — The Abu Dhabi National Energy Company PJSC (Taqa), has signed an agreement yesterday to cooperate on joint developments with National Power Company (NPC), an affiliate of the Al-Zamil and El-Seif Groups, in Saudi Arabia.
Both companies aim, through the joint venture, to make significant investments in the Saudi Arabian regional power and water sectors, plus potentially the industrial sector. A Steering Committee has been appointed by NPC’s senior management and Taqa’s Dan Dexter, GVP, global power operation & maintenance, to manage the relationship.
Peter Barker-Homek, chief executive officer of Taqa, said: “The two companies have a long track record of successful energy projects in the GCC and beyond, and we are already in the process of screening and evaluating specific opportunities.”
Dr. Abdul Rahman Al-Zamil, chairman of NPC’s board of directors, said: “Our combined experience within the region and globally, provides us with unparalleled operational insight that can be rapidly brought to bear.”