37 billion dirhams investments "energy" To support the data center in Abu Dhabi

2025/05/29 11:16:14 PM

3 minutes read

Abu Dhabi, May 29 / WAM / His Excellency Jassim Hussein Thabet, CEO and Managing Director of Abu Dhabi National Energy Company “Taqah”, said that the company’s market value is estimated at about 360 billion dirhams, and is one of the 5 largest companies in Europe, Africa and the Middle East in generating, transporting electricity and water desalination and has operations in 25 countries.
He added in a statement to the Emirates News Agency “WAM”, on the sidelines of the World Facilities Conference 2025, that the presence of 1,800 participants from more than 110 countries in the conference to discuss the challenges of transformation in the field of energy and water security, reflects the pioneering role of Abu Dhabi as a global center for innovation and driving in the field of desalination of water and electricity and infrastructure projects, especially clean electric energy projects and water desalination.
He stressed that “Taqa” during the past four years has doubled the productive capacity of electricity with the equivalent of 56 GB, which equals more than the UK consumption of electricity, noting the announcement of the acquisition of an power plant in the country of Uzbekistan that works with gas with a capacity of 875 MB in cooperation with Mubadala, which helps Uzbekistan to transform energy and opens to a new market energy company in Central Asia, in addition to the acquisition of a company “Trasemish Investment” in the United Kingdom, which is specialized in transporting electricity generated from wind stations at sea and connecting them to the coast, stressing that these acquisitions will give the Energy Company opportunities to grow in new markets.
He added that “Taqah” contributes to enhancing the position of Abu Dhabi as an artificial data and intelligence center by providing clean, accredited and reliable energy, noting that the company is currently working on building a gas power station that operates in the turbines with a capacity of one GB.
He pointed out that Taqah Company, in cooperation with “Masdar”, in which it has a major stake, the development of 5 GB of solar energy is supported by 19 GB batteries per hour, explaining that when the batteries are combined with solar energy, it produces the equivalent of one GB of continuous electricity within 24 hours and this is the largest project in the world.
He said that the total investment to support the electricity data center in Abu Dhabi will exceed 37 billion dirhams.
On the other hand, he stressed that the Kingdom of Morocco is one of the important markets in energy and the company has electricity stations there that feed 35 percent of the Kingdom’s electricity needs, and last week it was signed agreements with the relevant authorities in Morocco and investors there to invest the equivalent of 50 billion dirhams over the coming years to improve the infrastructure in the Kingdom by building solar power stations, wind power and gas turbines, in addition to building sea water moving stations with a capacity of 2.5 million meters Cube per day and in addition to that investment in transportation networks for electricity and water.
He said that one of the priorities of the Energy Company is to focus on implementing projects that have been announced such as the Abu Dhabi Data Center and the huge projects in the Kingdom of Morocco, as well as the Kingdom of Saudi Arabia to build stations and build a strategic stock to store water that feeds Makkah in the Hajj season, noting that a long -term energy company aims to invest 75 billion dirhams until 2030 to implement the growth strategy to reach an electric capacity of 150 GB Three times the current capacity, in addition to building desalination plants with a capacity of 1.3 billion gallons per day, and two thirds of water desalination will work with high -efficiency osmosis technology.