TAQA set to expand portfolio with acquisition of SWS Holding

TAQA set to expand portfolio with acquisition of SWS Holding

Acquisition to increase TAQA’s regulated asset base by more than 20% Expansion into wastewater networks and treatment business enhances TAQA’s position as Abu Dhabi’s fully integrated utility and strengthens its ability to support the UAE’s net zero ambitions Abu Dhabi, UAE: Abu Dhabi National Energy Company PJSC (TAQA), an international energy and water company operating in 11 countries across four continents, announced today that it has entered into a definitive agreement to acquire Sustainable Water Solutions Holding Company (SWS Holding). The establishment of SWS Holding was announced in May 2023 with an aim to deliver sustainable water solutions through a focus on resource recovery and water circularity that will benefit industries and communities. The newly created SWS Holding took ownership of Abu Dhabi Sustainable Water Solutions Company (ADSWS), formerly known as Abu Dhabi Sewerage Services Company (ADSSC), the main entity behind all wastewater collection, treatment, and reuse in the Emirate of Abu Dhabi. The addition of SWS Holding’s specialized solutions to TAQA’s comprehensive portfolio will create a vertically integrated player with strong capabilities in delivering high-quality water treatment solutions as well as a shared commitment to operational efficiency and customer service excellence. SWS Holding is highly complementary to TAQA’s existing