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Taqa locks in Al Dhafra gas plant
Roughly 85% of the cost is funded by syndicated debt
Taqa appoints Adrian Kershaw as CFO + Core42 appoints interim CEO
Taqa’s new CFO replaces Steve Ridlington, who will be retiring
Taqa, Dubal Holding take over EGA’s power and water generation assets, eye boosting clean power capacity for EGA
Taqa and Dubal will purchase EGA’s power and water assets in Al Taweelah for USD 1.9 bn
Dar + Trump partner to develop and tokenize hotel in Maldives
Plus: Aster to build two new hospitals with AED 265 mn in financing from Emirates Development Bank
Taqa sells full stake in Indian power plant
The sale is valued at AED 387 mn
Fujairah fires up F3 gas plant
The plant has a total output capacity of 2.4 GW.
THIS MORNING: Fuel prices rise in October + Spinneys ventures outside of the Gulf with first stores in Philippines
Plus: Keeta plans mns of USD in investments in the UAE
Taqa + partners reach financial close on Saudi power plants
Simple cycle operations are set to begin in 2027, with full operations slated for 2028
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