TAQA Business Overview H1 2023
Well-articulated strategy to become a low carbon power and
water champion focused on optimization and growth
MISSION
VISION
PURPOSE
STRATEGIC
PILLARS
T
To be a low carbon power and water champion
To provide the clean power and water that governments, businesses
and consumers need for a sustainable and successful life
Powering a thriving future by efficiently providing sustainable and reliable
energy and water to unleash the unlimited potential of people and places
Optimization
П000 Growth
KEY
THEMES
Create an integrated
and efficient utility
company
Partner with the
government to
establish optimal
regulatory system
Enhance security of
supply to maintain
demand growth in
UAE and
internationally
ENABLERS
Capability Building
Develop people capabilities for
sustainable growth
Financial discipline
Ensure financial stewardship
ESG
Expand product
portfolio
Become the UAE's ESG
champion sustainably
delivering on our corporate
strategy and objectives
Become a sustainable
leader and
decarbonization
partner in the UAE
Innovation & Digitization
Enable optimization of existing
business and ability to
innovate for growth in new
business models
•
•
•
Key 2030 targets
Increase gross power capacity to 30 GW
in the UAE (currently 20.1GW¹) and 20
GW internationally (currently 4.1GW²)
by 2030
Renewable energy portfolio
comprise >30% of power generation
to
in
Reverse osmosis technologies to make
up 2/3 of desalination capacity
Invest AED 40bn (~$11bn)
Transmission & Distribution by 2030,
to maintain and grow RAB in the UAE
Sustaining O&G production capacity
across Canada & Iraq, while
decommissioning certain assets in the
North Sea
Build depth into our capabilities
through project development, delivery
and operatorship in Generation, which
will facilitate value preservation and
creation.
Commitment to maintain standalone
investment grade rating
7
TAQɅView entire presentation