TAQA completed the acquisition of Sustainable Water Solutions for AED1.7bn.

TAQA, an international energy and water company, completed the acquisition of Sustainable Water Solutions, a sustainable water solutions provider, for AED1.7bn. “The strategic acquisition of SWS is an important step in TAQA’s accelerated delivery of its growth agenda, backed by our shareholders. Two years ago, we set out our growth ambitions in a 2030 strategy, and since then we have been delivering against our promises. This transaction is a logical extension of our regulated asset base into wastewater networks and treatment, which in Abu Dhabi is subject to the same structure of regulation and the same principles as our existing power and water transmission and distribution business. The new business will provide a substantial boost to our regulated asset base and associated stable long-term earnings," Jasim Husain Thabet, TAQA CEO and Managing Director.