Media

TAQA North announces new Managing Director

ABU DHABI, UAE and CALGARY, CANADA- The Abu Dhabi National Energy Company PJSC (‘TAQA’) announced today that Frederic Lesage has been appointed to serve as Managing Director, TAQA NORTH upon Tim Granger’s elective departure, effective September 30th, 2008.Mr. Lesage possesses over 17 years of experience working with blue chip companies and most recently served TAQA in the role of GVP, Integration & Optimization.Prior to joining TAQA, Mr. Lesage worked as a Senior Consultant for McKinsey & Company after practicing law for several years at a leading Canadian law firm, where he specialized in Labor and Employment Law. He holds a law degree from Universite de Montreal and a Master of Business Administration with distinction from the Richard Ivey School of Business at the University of Western Ontario.Peter Barker-Homek, CEO of TAQA said, “Fred is eager to deliver on TAQA’s ambition to be one of the ‘Best 100 Global Companies to Work For’. Fred and his expanded leadership team will develop TAQA North as an E&P company that can increase production, reliably replace reserves, and is a vibrant meritocracy and solid corporate citizen.”“Fred will continue to work closely with the TAQA NORTH management team as well as corporate headquarters to ensure connectivity across all of TAQA’s business sectors.”- ENDS -Contact Information for Media:Allan Virtanen
TAQA Media Relations, Abu DhabiTel +971 2 691 4894; Mob +971 56 685 2717
Allan.Virtanen@taqa.comAbout TAQAEstablished in 2005, TAQA is a diversified international energy group headquartered in Abu Dhabi, the capital of the United Arab Emirates, and listed on the Abu Dhabi Securities Exchange (ADX: TAQA).TAQA’s business is made up of three operating divisions spread across the entire energy value chain: power generation & water desalination; oil and gas exploration & production; and emerging & alternative energy technologies.Power & Water: TAQA is one the largest independent power producers in the world and the majority owner of the facilities that provide 98% of the water and electricity requirements in Abu Dhabi. TAQA’s power plants are located in the UAE, Morocco, Oman, Saudi Arabia, Ghana, India, and USA.Oil & Gas: with operations in Canada, UK, the Netherlands, USA and Iraq, TAQA’s oil and gas business includes exploration and production, underground gas storage and pipeline transportation.Emerging & alternative energy technologies: TAQA Energy Solutions is dedicated to alternative and technology-driven energy initiatives for long-term efficient energy production and generation. TAQA’s vision is to deliver ‘Energy for Growth’: growth within the business; social and economic progress in the communities where TAQA operates; and increased value for our shareholders.Over the past 40 years the UAE and Abu Dhabi have pursued a vision embodied by progressive development, investment and the highest global standards. TAQA is proud to align its strategy both domestically and globally to Abu Dhabi’s economic vision 2030, working towards sustainable economic development. For more information about TAQA visit: www.taqa.com or Twitter: @TAQAGLOBAL