Published: Aug 13, 2014
Source: Emirates 24|7


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Taqa ends talks to buy 50% stake in Kurdistan power plant

Record oil production sees Taqa swing to Q2 profit

Abu Dhabi National Energy Co (Taqa) said on Wednesday that it had ended talks to buy a 50 per cent stake in the Sulaymaniyah power station in Iraq's Kurdistan region, as the project did not match the company's growth strategy. 

"We have rebalanced our growth agenda and this acquisition no longer fits our strategy," a spokesman for the company told Reuters - By Reuters. Read more>>>

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