TAQA Divests Stake in TAQA Neyveli, Focusing on Low-Carbon and Renewable Energy

Strategic Insights -

The Abu Dhabi National Energy Company PJSC (TAQA), a prominent integrated utility company, has announced its decision to divest its entire stake in TAQA Neyveli Power Company Private Limited, a 250 MW lignite-fired power plant in India, to MEIL Energy Private Limited for INR 9.26 billion. This move aligns with TAQA's strategic focus on low-carbon and flexible gas-fired power generation, as well as renewable energy investments through its stake in Masdar. The company aims to transition to a sustainable energy mix, reduce emissions, and adapt to global energy demand dynamics.

Key Takeaways:

  • TAQA has divested its entire stake in TAQA Neyveli Power Company Private Limited to MEIL Energy Private Limited for a transaction value of INR 9.26 billion (approximately AED 387 million).
  • The sale marks TAQA's full exit from TAQA Neyveli and aligns with the company's strategic focus on low-carbon and flexible gas-fired power generation.
  • TAQA's CEO, Farid Al Awlaqi, emphasized that the move is a strategic adjustment aimed at transitioning to a sustainable energy mix and reducing emissions.
  • The divestment is part of TAQA's broader efforts to enhance its portfolio with cleaner energy solutions, including a 1 GW gas-fired capacity and a 1 GW round-the-clock renewable energy project in the UAE.
  • TAQA has expanded its capacity from 21 GW in 2020 to approximately 70 GW as of September 2025, with an ambitious target of reaching 150 GW by 2030, two-thirds of which are anticipated from renewables through Masdar.
  • The company has made strategic investments to expand its low-carbon power and water projects, with a focus on investing in efficient, lower-emission technologies that support energy security and renewable integration.

Statistics:

  • Transaction value: INR 9.26 billion (approximately AED 387 million)
  • Capacity expansion: 21 GW in 2020 to approximately 70 GW as of September 2025
  • Ambitious target: 150 GW by 2030, with two-thirds expected from renewables through Masdar
  • Renewable energy contribution: 1 GW round-the-clock renewable energy project in the UAE and approximately 3.6 GW in Saudi Arabia

Sources:

  • [Abu Dhabi Securities Exchange (ADX), Abu Dhabi -- 30 Oct 2025]