{"id":84787,"date":"2025-10-31T00:00:00","date_gmt":"2025-10-31T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/mena-india\/taqa-sells-full-stake-in-indian-subsidiary\/"},"modified":"2025-10-31T00:00:00","modified_gmt":"2025-10-31T00:00:00","slug":"taqa-sells-full-stake-in-indian-subsidiary","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/mena-india\/2025\/10\/31\/taqa-sells-full-stake-in-indian-subsidiary\/","title":{"rendered":"Taqa sells full stake in Indian subsidiary"},"content":{"rendered":"

Taqa exits India\u2019s lignite power play:<\/strong> Abu Dhabi National Energy Company (Taqa) has fully exited its India 250 MW lignite power plant after selling its 100% stake in Taqa Neyveli Power Company to MEIL Energy, an affiliate of India-based Megha Engineering and Infrastructure, according to a disclosure (pdf)<\/a>. The sale was valued at some AED 387 mn. <\/p>\n

Taqa\u2019s going green? <\/strong>The utility is concentrating on low-carbon, flexible gas-fired power generation, along with expanding renewable investments through its stake in Masdar. \u201cThis sale represents a considered adjustment to our generation portfolio as we continue progressing towards a more sustainable energy mix,\u201d Taqa\u2019s Generation CEO Farid Al Awlaqi said. The company\u2019s gross clean power generation stands at some 70 GW. <\/p>\n

Making moves:<\/strong> Taqa also moved to offload selected assets in Alberta, retaining<\/a> TPH&Co to advise Taqa North on the divestment. <\/p>\n

Taqa began paring down its international footprint in 2022<\/strong>, after completing a strategic review<\/a> of its oil and gas business, opting to retain its upstream operations with the exception of upstream assets in the Netherlands.<\/p>\n","protected":false},"excerpt":{"rendered":"

The sale is valued at AED 387 mn<\/p>\n","protected":false},"author":1,"featured_media":84788,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2456],"tags":[2402,2438,2455],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam-india","tag-investment","tag-investment-watch","wpautop","entry"],"acf":{"mongo_id":"28cb57c5-6ebe-48fd-bd40-5402feef225e","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/1825.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Taqa sells full stake in Indian subsidiary","related_issue":[84781],"teaser":"The sale is valued at AED 387 mn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.4b1a855d-dcc3-4be2-8206-df3485319f5c.mp3"},"yoast_head":"\nTaqa sells full stake in Indian subsidiary - 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