Mohammad_Sharafi

Taqa and Mubadala to acquire 40% in 2 power plants in Uzbekistan 

Integrated utilities companies Abu Dhabi National Energy Company (“TAQA”) and Mubadala Investment Company (“Mubadala”) signed binding agreements that will see the acquisition of a 40% in two gas-fired power generation plants in the Talimarjan power complex in Uzbekistan. 

Taqa and Mubadala will invest in the privatization of the two power plants with a combined capacity of 1.6 gigawatts (GW) and the assumption of associated operations & maintenance activities. The Talimarjan Issiqlik Elektr Stansiyasi (“TIES”) will retain the remaining 20% stake in each plant. 

The transaction is expected to complete during the second half of 2023, subject to the satisfaction of certain conditions precedent, including obtaining any applicable regulatory or other approvals.  

chief legal officer and board secretary, Mohammad Sharafi (pictured) led Taqa’s legal team in the transaction.  

Taqa and Mubadala to acquire 40% in 2 power plants in Uzbekistan 

suzan.taha@lcpublishinggroup.it

legalcommunitymena.com

Launched in 2022 by LC Publishing Group S.p.A., it is the first digital portal addressed to the Middle East North Africa market.

In terms of contents, the website focuses on both law firms and in-house legal departments, covering the latest news and rumors on deals and operations (and the related advisors) as well as on laterla hires, moves and new appointmens and providing insights, analytical data and opinions on the professions’ main trends and topics (AI, innovation, etc.).

For further information, please visit the Group’s website www.lcpublishinggroup.com

Legalcommunity MENA
LC Publishing Group S.p.A. – Via Tolstoi 10 – 20146 Milano – Tel. 0236727659 – C.F./P.IVA 07619210961
REA 1971432 Registro delle Imprese di Milano – Cap. Soc. Euro 50.000,00 i.v.

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram