Abu Dhabi National Energy Company PJSC : TAQA and CWM Abu Dhabi Collaborate to Develop Waste to Energy Initiative
06/21/2012| 03:46am US/Eastern
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Abu Dhabi National Energy Company PJSC ("TAQA") and The
Centre of Waste Management Abu Dhabi ("CWM") today announced
the signing of a Memorandum of Understanding for the joint
development of 100mw Waste to Energy facility in Abu Dhabi by
2015/16.
Having developed the concept over the past twelve
months, TAQA and CWM have agreed to work together to create
one of the largest Waste to Energy plants in the world, and
the first of its kind in The United Arab Emirates. The
facility will be capable of processing up to a million tonnes
of municipal solid waste per annum, contributing towards
CWM's stated target of 80% diversion of waste from landfill,
which falls within the Abu Dhabi Vision 2030 objectives.
TAQA's experience of building, owning and operating thermal
power facilities means that Waste to Energy is a natural
addition to its fleet.
HE Mohammed Al Bawardi, Chairman of The Centre of Waste
Management Abu Dhabi said, "Keeping up with the Abu Dhabi
Vision 2030 requires the concerted efforts of various
departments and national institutions to develop in a
sustainable and environmentally responsible way. In signing
this Agreement, we at the Centre of Waste Management see
cooperation with TAQA as the mainstay of a sustainable waste
management strategy, focusing on our goal of 80% diversion of
waste from landfill."
Commenting on this new initiative, HE Hamad Al Hurr Al
Suwaidi, Chairman of the Board of Directors of TAQA, said, "A
strategic partnership between our two entities to divert
waste from landfill and create a long-term source of energy
is a major step forward in Abu Dhabi's vision for a cleaner
and more sustainable environment, and demonstrates our
commitment to energy security through non-traditional means
of power generation. We see this as the first of its kind in
Abu Dhabi, with more to follow, utilising waste as a resource
and working as a team to provide employment and technological
advancement in the region."
-Ends-
Contact Information for Media:
Allan Virtanen
TAQA Media Relations, Abu Dhabi
Tel +971 2 691 4894; Mob +971 56 685 2717
Allan.Virtanen@taqaglobal.com
About TAQA
Established in 2005, TAQA is a diversified
international energy group headquartered in Abu Dhabi, the
capital of the United Arab Emirates, and listed on the Abu
Dhabi Securities Exchange (ADX: TAQA).
TAQA's business is made up of three operating divisions
spread across the entire energy value chain: power generation
& water desalination; oil and gas exploration & production;
and emerging & alternative energy technologies.
Power & Water: TAQA is one the largest independent
power producers in the world and the majority owner of the
facilities that provide 98% of the water and electricity
requirements in Abu Dhabi. TAQA's power plants are
located in the UAE, Morocco, Oman, Saudi Arabia, Ghana,
India, and USA.
Oil & Gas: with operations in Canada, UK, the
Netherlands, USA and Iraq, TAQA's oil and gas business
includes exploration and production, underground gas storage
and pipeline transportation.
Emerging & alternative energy technologies: TAQA Energy
Solutions is dedicated to alternative and technology-driven
energy initiatives for long-term efficient energy production
and generation.
TAQA's vision is to deliver 'Energy for Growth': growth
within the business; social and economic progress in the
communities where TAQA operates; and increased value for our
shareholders.
Over the past 40 years the UAE and Abu Dhabi have
pursued a vision embodied by progressive development,
investment and the highest global standards. TAQA is proud to
align its strategy both domestically and globally to Abu
Dhabi's economic vision 2030, working towards sustainable
economic development.
For more information about TAQA visit:
www.taqaglobal.
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