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Energy industries

TAQA Expands Global Water Capabilities with Acquisition of GS Inima

Strategic Insights

— 1 min read

Abu Dhabi-based Abu Dhabi National Energy Company PJSC (TAQA) has made a strategic move to enhance its global water capabilities by acquiring GS Inima from GS Engineering & Construction for approximately USD 1.2 billion. This acquisition aligns with TAQA's goal of creating a world-class integrated global water platform. GS Inima operates around 50 projects across ten countries, including Spain, Brazil, and the United States, and its portfolio includes water desalination and treatment projects, contributing to TAQA's objective of sourcing two-thirds of its desalination capacity from energy-efficient reverse osmosis technology by 2030.

Key Takeaways:

  • TAQA acquires 100% stake in GS Inima from GS Engineering & Construction for approximately USD 1.2 billion.
  • GS Inima operates around 50 projects across ten countries, including Spain, Brazil, and the United States.
  • The acquisition enhances TAQA's access to high-growth markets in Europe, Latin America, and Asia.
  • GS Inima's portfolio includes water desalination and treatment projects, contributing to TAQA's goal of sourcing two-thirds of its desalination capacity from energy-efficient reverse osmosis technology by 2030.
  • The acquisition adds 171 million imperial gallons per day (MIGD) of desalination capacity to TAQA's existing portfolio.
  • GS Inima contributes 1.2 million cubic meters per day of drinking water capacity and 2.6 million cubic meters per day of wastewater treatment capacity.
  • The transaction is expected to be finalised in 2026, pending regulatory approvals.
  • The integration will leverage GS Inima's digital technologies to boost TAQA's operational efficiencies.
  • Jasim Husain Thabet, TAQA's CEO, stated, "This acquisition is a transformational step in our growth and water strategy. GS Inima brings proven operational strength, and together we will expand our reach and capabilities across strategic growth markets."

Statistics:

  • USD 1.2 billion: The approximate value of the acquisition of GS Inima by TAQA.
  • 171 million MIGD: The additional desalination capacity added to TAQA's existing portfolio.
  • 1.2 million cubic meters per day: The drinking water capacity contributed by GS Inima.
  • 2.6 million cubic meters per day: The wastewater treatment capacity contributed by GS Inima.
  • 2030: The target year for TAQA to source two-thirds of its desalination capacity from energy-efficient reverse osmosis technology.

Sources:

  • "TAQA announces acquisition of GS Inima for $1.2 billion" (Global Data Point, 2022)
  • "TAQA's acquisition of GS Inima to enhance global water capabilities" (SyndiGate Media Inc., 2022)

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