Abu Dhabi National Energy Company PJSC Named ‘Best Borrower Middle East and Northern Africa’

The Abu Dhabi National Energy Company PJSC (ADSM: TAQA) this week has been awarded ‘Best Borrower Middle East and Northern Africa’ by Euromoney.

The prestigious award recognizes TAQA for its innovative and long- term approach to project finance, as well as its ability to expand its global operations rapidly while protecting its coveted A+ (Standard and Poor’s) credit rating.

In November 2006, TAQA raised the largest international bond issuance that has ever emerged from a Middle East-based company. The company set a new standard for the Middle East and North Africa (MENA) region with the largest straight bond issue (US$3.5 billion), the largest long bond (US$1.5 billion), and the largest Euro benchmark ( 750 million).

“We believe that TAQA has been tremendously creative in its outreach to the world’s capital markets. Given our current position, we are quietly confident that we will continue to grow quickly while generating positive returns for our shareholders,” said Peter Barker Homek, CEO of Abu Dhabi National Energy Company PJSC.

Last year, TAQA was presented with the Emerging Market Deal of the Year and Middle East Corporate Bond of the Year 2006 awards by EuroWeek.

PHOTO CAPTION: Abu Dhabi National Energy Company PJSC (TAQA) Chief Executive Officer Peter Barker Homek.

About Abu Dhabi National Energy Company PJSC (TAQA

)Abu Dhabi National Energy Company (TAQA) www.taqa.ae is a global energy company with investment capabilities in power generation, CHP, desalination, renewables, upstream oil/gas, pipelines, services, structured finance and the creation, syndication and management of assets. TAQA was founded in Abu Dhabi in 2005 and listed on the Abu Dhabi Stock Exchange.

At year end 2006 TAQA had in excess of AED 51bn in assets and generated AED 4.8bn revenue. The company currently has in excess of 10,000 MW (gross) of installed generation, upstream oil/gas production, gas processing, pipelines and natural gas storage. TAQA operates from its offices in Abu Dhabi, The Hague, Ann Arbor, Aberdeen and Amsterdam with alliance partners across the Gulf, Middle East, North Africa, Sub-Saharan Africa, Europe.

2007 Al Bawaba (www.albawaba.com)

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