Abu Dhabi National Energy Company PJSC (ADX:TAQA) acquired unknown stake in Taweelah Asia Power Company and Asia Gulf Power Service Company Limited from BTU Power Company its liquidators for $65 million on January 20, 2023. TAQA acquired 25% stake in Asia Gulf Power Service Company and additional 10% stake in Taweelah Asia Power company, TAQA's overall ownership stake in Taweelah Asia Power company increased to 70%.

Abu Dhabi National Energy Company PJSC (ADX:TAQA) completed the acquisition of unknown stake in Taweelah Asia Power Company and Asia Gulf Power Service Company Limited from BTU Power Company its liquidators on January 20, 2023.