ADNOC and TAQA Announce 27-Year Utilities Agreement

28 Jan ADNOC and TAQA Announce 27-Year Utilities Agreement

(Oilandgaspress) -] ADNOC and Abu Dhabi National Energy Company PJSC (TAQA), today announced the signing of a 27-year Utilities Purchase Agreement to supply critical utilities to the TA’ZIZ Industrial Chemicals Zone in Ruwais Industrial City, Abu Dhabi. The duration of the agreement includes the offtake of the utilities and construction of the plant.

Under the agreement ADNOC and TAQA will jointly develop the central utilities project, including the electricity grid connection, steam production, process cooling, and a range of water and wastewater utilities required to enable TA’ZIZ’s chemicals and transition-fuels projects.

TA’ZIZ, a joint venture between ADNOC and ADQ, will set up and own a service management company, who will be the sole offtaker of the utilities, providing a stable foundation for efficient industrial activity within the TA’ZIZ Industrial Chemicals Zone.

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