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Sovereign Wealth Funds Briefing - Categorized | Investment

Taqa makes its first US energy investment

Posted on 11 December 2008

From Thenational.ae: Abu Dhabi National Energy Company, or Taqa, plans to make its first investment in the US power sector by acquiring an energy marketing business from JPMorgan Chase, the Wall Street bank.

The new enterprise, a joint venture with RBS Sempra Commodities, advances Taqa’s plan to develop an integrated energy business in North America, with interests ranging from oil and gas production to power generation and distribution….. Full Article: Source


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