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Abu Dhabi National Energy Company

China–UAE News
Source: Khaleej Times

TAQA Prices $1.75 Billion Dual-Tranche Bonds With Bookrunners Including ICBC

Abu Dhabi National Energy Company (TAQA) has priced a $1.75 billion dual-tranche bond offering that was oversubscribed more than three times. The issuance comprises $1.1 billion in five-year green notes and $650 million in 10-year conventional notes, with settlement expected on October 26, 2026. Industrial and Commercial Bank of China joined international and regional lenders as a joint bookrunner and lead manager.

Industry News
Source: MEED

Saudi Arabia Qualifies 13 Firms Including UAE and Chinese Entities for Gas IPPs

Saudi Power Procurement Company (SPPC) has qualified 13 companies to bid for the third round of the kingdom's combined-cycle gas turbine independent power producer programme. The qualified pool features regional and international developers, including UAE-based Taqa and Etihad Development Company alongside China's PowerChina. The projects will be executed under a build-own-operate model with provision for future carbon capture readiness.

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