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Abu Dhabi’s Taqa says investments in 2018 reached $30bn

Abu Dhabi’s Taqa says investments in 2018 reached $30bn

The company said it had coped with declining oil prices by reducing expenditures in 2018 by $750m

Abu Dhabi’s National Energy Company (Taqa) said its total investments had reached $30bn held across 11 countries by the end of 2018, Emirates state news agency (WAM) reported on Monday.

The company said it had coped with declining oil prices by reducing expenditures in 2018 by $750m, WAM reported. It said it was currently considering development of a wind farm project in Morocco with a capacity of 100-200 megawatts.

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