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North America impairment pushes Abu Dhabi’s TAQA into 2013 loss

Reuters – Abu Dhabi National Energy Co (TAQA) posted a net loss of AED 2.52bn ($687m) for 2013 as it marked down the value of its oil and gas holdings in North America, the company said on Tuesday. The state-controlled energy investment giant swung from a profit after minority interests of AED 649m in 2012. …

Daily News Egypt

UAE-led group expects to sign $2bn India power deal soon

Reuters – Abu Dhabi National Energy Co (TAQA), leading a consortium that plans to invest around $2bn to acquire hydropower assets in India, expects to close the deal this quarter, three sources familiar with the matter told Reuters. TAQA, majority-owned by the Abu Dhabi government, is buying two hydropower plants owned by Jaiprakash Power Ventures …

Daily News Egypt

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