TAQA CEO Reveals Over AED 37 Billion Investment For Abu Dhabi's Data Centre Power Needs

Abu Dhabi National Energy Company (TAQA) is set to enhance Abu Dhabi's data and AI sector significantly. The CEO and Managing Director revealed that investments exceeding AED37 billion will support the emirate's data centre power needs. This aligns with TAQA's strategy to deliver clean, certified, and reliable energy for essential infrastructure.

Jasim Husain Thabet, TAQA's Group CEO and Managing Director, spoke at the World Utilities Congress 2025 about the company's growth and strategic acquisitions. With a market capitalisation of around AED360 billion, TAQA ranks among the top five in electricity generation, transmission, and water desalination across Europe, Africa, and the Middle East.

Over four years, TAQA has doubled its electricity production capacity to 56 gigawatts, surpassing the UK's total electricity consumption. Recent strategic moves include acquiring an 875-megawatt gas-powered station in Uzbekistan with Mubadala. This supports Uzbekistan’s energy transition and opens new Central Asian markets.

TAQA also acquired "Transmission Investment," a prominent UK-based energy investment platform. This acquisition further strengthens their position in the energy sector. Additionally, they are constructing a 1-gigawatt gas turbine power station to enhance their clean energy portfolio.

In collaboration with Masdar, where TAQA holds a significant stake, they are developing 5 gigawatts of solar energy supported by 19 gigawatt-hours of battery storage. This integrated system aims to provide a continuous supply of 1 gigawatt for 24 hours globally.

The company plans to invest AED75 billion by 2030 to triple its electricity generation capacity to 150 gigawatts. Part of this strategy includes developing water desalination plants with a combined capacity of 1.3 billion gallons per day. Two-thirds of these plants will use efficient reverse osmosis technology.

"Our focus on clean energy solutions is unwavering," said Thabet. "We aim to lead in sustainable energy production while supporting regional growth."

TAQA's initiatives reflect its commitment to sustainable development and innovation in the energy sector. By investing in advanced technologies and expanding its global footprint, TAQA is poised to play a pivotal role in meeting future energy demands efficiently.

With inputs from WAM