The deal is a major step toward boosting reliable power supply as the UAE prepares for increasing electricity demand driven by AI and digitalization initiatives.
The projects will ensure that the network is resilient and capable of handling the changing energy mix from low-carbon sources, such as solar and nuclear
The project, which will become the first water transmission line connecting the Eastern and Qassim regions with potable water, will be developed in partnership with the private sector
The power projects, which include the Rumah I and II and Al Nairyah I and II plants, are crucial components of the kingdom’s efforts to meet its growing electricity demand and diversify its energy sources.
This is TAQA’s second green issuance under its Green Finance Framework and it comprises of a $900 million 7-year conventional bond and an $850 million 12-year green bond
