Abu Dhabi’s Mubadala and Taqa to invest in privatisation of two Uzbekistan power plants – The National

Abu Dhabi’s Mubadala and Taqa to invest in privatisation of two Uzbekistan power plants – The National

Mubadala Investment Company and the Abu Dhabi National Energy Company, better known as Taqa, have signed agreements to invest in the privatisation of two gas-fired power plants in Uzbekistan.

Mubadala and Taqa will each acquire a 40 per cent stake in the power stations with a combined capacity of 1.6 gigawatts, and take over the associated operations and maintenance activities, the Abu Dhabi entities said on Friday.

They did not disclose the value of the deal.