Energy & Utilities
As we advance, the energy mix is projected to shift considerably, influencing an increasing focus on large-scale investments in renewable energy, resulting in enhanced energy efficiency.
At ADQ, we are building a highly integrated portfolio of power and water champions, which support Abu Dhabi’s ability to provide a safe, efficient and secure supply of energy for our nation. Our journey in this sector began when we combined our portfolio company AD Power with Abu Dhabi National Energy Company (TAQA) in 2020. The combined entity is now one of the largest listed, integrated utility companies in Europe, Middle East, and Africa and is poised to spearhead the transformation of the sector over the next years.
Accelerating decarbonization through nuclear power, Emirates Nuclear Energy Company (ENEC), through its flagship Barakah Nuclear Plant, is the first commercially operational nuclear power plant in the region. Once all four units are brought online, the plant will generate 5.6 GW of clean, safe, and reliable nuclear power for Abu Dhabi. The Barakah Nuclear Plant is the single largest contributor supporting the UAE’s Net Zero by 2050 strategic initiative. By providing up to 25 per cent of the UAE’s power needs, the plant will divert up to 21 million tons of carbon emissions every year, equivalent to removing 3.2 million cars from the road.
In supporting Abu Dhabi achieve its target of diverting 75 per cent of waste away from landfills, we make strategic investments in waste management infrastructure to enhance Abu Dhabi’s waste treatment, recycling, and disposal initiatives to reduce the nation’s environmental impact in the utilities sector.
Supporting the development of a circular economy, EWEC and Tadweer Group are creating one of the region’s largest waste-to-energy power plants. The power plant will generate enough electricity to power up to 22,500 UAE households and is expected to lower CO2 emissions by up to 1.5 million tons per year.