AmCham Abu Dhabi recognises TAQA for commitment to US - UAE relations
WAM Abu Dhabi, 2nd Feb. 2013 (WAM) - Abu Dhabi National Energy Company PJSC (TAQA) has won the prestigious 2013 Falcon Award in recognition of its outstanding commitment to sustainable US - UAE business relations at the 3rd Annual AmCham Abu Dhabi Excellence Awards Gala charity event in Abu Dhabi.
Organised by the American Chamber of Commerce, the AmCham Abu Dhabi Annual Excellence Awards is a celebration of Abu Dhabi's most distinguished companies, institutions, and entrepreneurs. These awards reflect the contributions of best-in-class American and Emirati individuals and organisations to business in the UAE and US - UAE commercial relations.
Dr Saif Al Sayari, TAQA's Executive Officer and Head of Energy Solutions division, said: "We are honoured to receive this prestigious award which is testament to our long-term commitment and sustainable relations with our partners in the US. North America is a strategic market for TAQA and we are proud to contribute to the unwavering bilateral relationship between the US and the UAE." The 2013 Falcon Award was presented to TAQA's AbdulKhaliq Al Ameri, Director Of Knowledge Centre '&' Sub-Surface by United States Ambassador to the United Arab Emirates, His Excellency Michael Corbin.
TAQA has invested more than USD 8 billion in its North American assets and employs more than 1,000 people at its oil '&' gas operations in the states of Montana, North Dakota, Wyoming and in Canada where it produced more than 88,000 barrels of oil equivalent per day in 2011. TAQA also has an interest in a tolling agreement for the Red Oak power plant in New Jersey.
In January 2013, TAQA moved into the US renewable energy sector when it announced entering into an agreement to acquire a 50% interest in the 205.5 megawatt (MW) Lakefield wind farm located in Minnesota. The wind farm supplies more than 68,000 homes with emissions-free electricity and is a first step in the evolution of TAQA's global strategy for alternative energy sources and gives TAQA a foothold in the fast-growing global wind market.