-The acquisition allows TAQA to expand its portfolio into the water management sector, enhancing its capabilities in wastewater treatment and recycled water production in Abu Dhabi.

– SWS Holding, through its subsidiary ADSWS, plays a critical role in supporting Abu Dhabi’s sustainability initiatives, focusing on efficient water resource management in a region with significant water scarcity challenges.

– The transaction is expected to contribute to TAQA’s long-term financial stability by adding a highly predictable and secure cash flow stream, boosting the company’s asset base and earnings potential.

Abu Dhabi National Energy Company PJSC (TAQA) has completed the acquisition of Sustainable Water Solutions Holding Company (SWS Holding), the company said.

TAQA finalized the acquisition of all outstanding shares of SWS Holding for AED1.7 billion ($462.84 million).

The transaction will add significant value to the company’s asset base and further enhances TAQA’s highly predictable and secure cashflow profile as well as its long-term earnings.

SWS Holding owns Abu Dhabi Sustainable Water Solutions Company (ADSWS), which was established in 2005, and is the sole entity responsible for wastewater collection and treatment as well as production of recycled water in the emirate of Abu Dhabi.

SWS Holding will expand TAQA’s capabilities in managing water and is highly complementary to its existing portfolio.