Abu Dhabi’s partially privatized energy company Taqa looks on track to raise its total revenues this year. The company’s power plants, both in the UAE and abroad, are earning steadily and its upstream assets – all overseas – are providing better income.
But the company again posted a net loss for the first nine months of 2017. Taqa’s Q1-3 2017 revenue was Dh12.53bn ($3.41bn at the fixed exchange rate of $1=Dh3.6725), down 40% from a record Dh20.71bn ($5.64bn) in Q1-3 2014 when Brent prices averaged $107/B. (CONTINUED - 909 WORDS)