TAQA H1 2021 Results - Energy Transition and Financial Performance
Current growth projects
Significant generation capacity and network additions to meet demand and energy transition
Generation
Taweelah RO
Al Dhafra PV
Distribution
Group
Fujairah F3
Recycled Water Distribution
TAQɅ
Country
Overview
• World's largest sea-water
reverse osmosis plant (44% larger
than current largest plant)
200 MIGD water desalination
capacity
• 68 MW onsite (captive) solar PV
power generation capacity
• World's largest solar
photovoltaic plant
•
2 GWdc (1.5GWac) power
generation capacity
One of the most cost-competitive
tariffs at US$ 1.32 cents/kWh
(levelized cost of electricity
basis)
US$ 1.0 billion
C
UAE's largest gas-fired (CCGT)
independent power project (IPP)
• 2.4 GW power generation capacity
One of the most efficient in the
region
C
Two projects to distribute recycled
water beyond municipal landscaping
to include commercial and
agricultural operations
• Capacity to distribute 85 MIGD of
recycled water
• 150 km of pipelines in two phases
US$ 870 million
US$ 1.1 billion
• US$ 245 million
Project cost
• 40% lower than average fleet cost
Expected
PCOD
2022 with 30-year WPA
• 2022 with 30-year PPA
• 2023 with 25-year PPA
Q3 2021 (30 MIGD pipeline)
• 20% TAQA, 40% Mubadala,
40% ACWA Power
• 40% TAQA, 20% Masdar,
20% EDF, 20% JinkoSolar
• 40% TAQA, 20% Mubadala,
40% Marubeni
• Q4 2021 (55 MIGD pipeline)
• Not applicable
Sponsors
3.9 GWac/ 200 MIGD
additional generation
capacity
• Substantially de-
risked financial
profile(1):
Long-term PWPAS
with EWEC (Abu
Dhabi govt. owned)
Contractual prot-
ection for cost risks
(e.g. fuel, O&M)
LTSAS with OEMs
for turbines
UAE generation projects demonstrate new 40% exclusivity rights, which continue out to next ten years
1. For generation projects, as for existing UAE generation fleet
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