TAQA H1 2021 Results - Energy Transition and Financial Performance

Abu Dhabi I(W)(P)P framework Business model for the Generation segment in the UAE Each UAE IWPP has a similar project structure as outlined below • Long-term (power) (and) (water) purchase agreement (PWPA) with EWEC, which provides very stable cash flows TAQA [Local Partner] [International Partner] [x]% [International Partner] [International Partner] [x]% [x]% Off-taker: EWEC (single buyer) Local Partners HoldCo 60% 20 to 30-year (P)(W)PA Fuel Supplier: EWEC 20 to 30-year FSA Project Co Engineering, Procurement and Construction (EPC) Long-term Service Agreement (LTSA) O&M Agreement Sources: Abu Dhabi Department of Energy Regulation & Supervision Bureau (now superseded by the Abu Dhabi Department of Energy) Int'l Partners HoldCo 40% Lenders 39 TAQA

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