TAQA Announces Sale of 250 MW Lignite-Based Power Plant in India

Strategic Insights -

Abu Dhabi National Energy Company PJSC (TAQA) has announced the sale of its 100% stake in TAQA Neyveli Power Company Private Limited to MEIL Energy Private Limited, an India-based conglomerate, for a consideration of INR 9.26 billion (approximately AED 387 million). The sale includes a 250 MW lignite-fired power plant located in the state of Tamil Nadu, India. This divestment aligns with TAQA's strategy to optimize its portfolio and focus on its core businesses, particularly low-carbon, highly flexible gas-fired power generation and renewable energy investments.

Key Takeaways:

  • TAQA has exited its interest in TAQA Neyveli Power Company Private Limited, a 250 MW lignite-fired power plant in Tamil Nadu, India.
  • The sale consideration is INR 9.26 billion (approximately AED 387 million).
  • TAQA is sharpening its focus on low-carbon, highly flexible gas-fired power generation and renewable energy investments through its stake in Masdar.
  • The company has made significant strategic growth investments in its Generation business, including a 1 GW gas-fired capacity expansion in the UAE and over 3.6 GW of new gas-fired power plants in the Kingdom of Saudi Arabia.
  • TAQA's gross capacity has grown from 21 GW in 2020 to approximately 70 GW as of 30 September 2025, with a target of 150 GW by 2030, of which two-thirds will come from renewable energy.

Statistics:

  • 250 MW lignite-fired power plant being sold in Tamil Nadu, India.
  • INR 9.26 billion (approximately AED 387 million) sale consideration.
  • 21 GW gross capacity in 2020.
  • 70 GW gross capacity as of 30 September 2025.
  • 1 GW gas-fired capacity expansion in the UAE.
  • 3.6 GW new gas-fired power plants in the Kingdom of Saudi Arabia.
  • 150 GW target capacity by 2030, with two-thirds from renewable energy.

Sources:

  • Abu Dhabi National Energy Company PJSC (TAQA) [Category: Divestiture]
  • Contify.com