Abu Dhabi: Abu Dhabi National Energy Company PJSC (TAQA) has won the 2013 Falcon Award in recognition of its outstanding commitment to sustainable business relations between the UAE and the United States at the 3rd Annual AmCham Abu Dhabi Excellence Awards Gala charity event in Abu Dhabi.
Organised by the American Chamber of Commerce, the AmCham Abu Dhabi Annual Excellence Awards is a celebration of Abu Dhabi’s most distinguished companies, institutions and entrepreneurs and reflect the contributions made by American and Emirati individuals, organisations and businesses in the strengthening of the relationship between the countries.
Dr Saif Al Sayari, TAQA’s Executive Officer and Head of Energy Solutions division, said: “We are honoured to receive this prestigious award, which is testament to our long-term commitment and sustainable relations with our partners in the US. North America is a strategic market for TAQA and we are proud to contribute to the unwavering bilateral relationship between the US and the UAE.”
The 2013 Falcon Award was presented to TAQA’s Abdul Khaliq Al Ameri, Director of Knowledge Centre and Sub-Surface by US ambassador to the UAE, Michael Corbin.
TAQA has invested more than $8 billion (Dh29.38 billion) in its North American assets and employs more than 1,000 people at its oil and gas operations in the states of Montana, North Dakota, Wyoming and in Canada, where it produced more than 88,000 barrels of oil per day in 2011. TAQA also has an interest in a tolling agreement for the Red Oak power plant in New Jersey.
In January 2013, TAQA moved into the US renewable energy sector when it announced it was entering into an agreement to acquire a 50 per cent interest in the 205.5 megawatt (MW) Lakefield wind farm in Minnesota. The wind farm supplies more than 68,000 homes with emissions-free electricity and is a first step in the evolution of TAQA’s global strategy for alternative energy sources and gives TAQA a foothold in the fast-growing global wind market.