Abu Dhabi National Energy Company (TAQA) has wrapped up 2024 on a high note, reporting a net income of AED 7.1 billion, reflecting a solid financial performance for the year. The company’s total revenue grew by 6.7% to AED 55.2 billion, driven by expansion in Transmission & Distribution (T&D) and the integration of TAQA Water Solutions into its operations.

Key Growth Drivers

The steady rise in revenue can be attributed to TAQA’s strategic focus on strengthening its core businesses, particularly in power and water. The company’s T&D segment played a major role in driving growth, while the consolidation of TAQA Water Solutions further boosted overall performance.

TAQA continues to position itself as a key player in the energy sector, with sustainable infrastructure and efficient resource management at the core of its strategy. With an expanding portfolio in utilities, the company is focused on delivering long-term value to its stakeholders while supporting the UAE’s vision for energy transition.

Looking Ahead

With 2024 proving to be another strong year, TAQA remains optimistic about the future. The company plans to continue investing in sustainable and innovative energy solutions, ensuring steady growth in the coming years.

Given its consistent financial performance and expansion efforts, TAQA is well on track to maintain its position as one of the region’s leading energy companies.