Synergy Consulting, Inc. is pleased to announce that Abu Dhabi National Energy Company PJSC (TAQA) and ADNOC have announced the signing of a 27-year Utilities Purchase Agreement to supply critical utilities to the TA’ZIZ Industrial Chemical Zone in Ruwais Industrial City, Abu Dhabi.
Under the agreement, ADNOC and TAQA will jointly develop a central utilities project, providing reliable electricity grid connection, steam production, process cooling, and a range of water and wastewater utilities required to enable TA’ZIZ’s chemicals and transition-fuels projects.
TA’ZIZ, a joint venture between ADNOC and ADQ, will set up and own a service management company that will act as the sole offtaker of the utilities, supporting efficient industrial activity within the TA’ZIZ Industrial Chemicals Zone.
Synergy Consulting, Inc. is honored to support TAQA for this landmark transaction. Synergy’s role included assisting TAQA in supporting the transaction across commercial structuring, drafting and negotiation of project agreements, financial modelling and EPC evaluation and negotiations.
We congratulate all stakeholders on the successful achievement of this important milestone.
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