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Asharq Al-Awsat

Business

Asharq Al-Awsat

ADNOC, TAQA Conclude $3.8b Deal on Clean Energy, Decarbonization

ADNOC Taqa Abu Dhabi Abu Dhabi National Oil Company EDF MENA Oil

General view of Abu Dhabi, United Arab Emirates, January 3, 2019. REUTERS/ Hamad I Mohammed/File Photo/File Photo

Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA) revealed concluding a $3.8 billion strategic project to power and decarbonize ADNOC's offshore production operations.

Together with a consortium comprised of Korea Electric Power (KEPCO), Kyushu Electric Power Company (Kyuden) and Électricité de France (EDF) (the Consortium), this is a first-of-its-kind high-voltage direct current (HVDC) sub-sea transmission network in the MENA region.

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