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TAQA Announces New CEO of Abu Dhabi Transmission and Despatch Company

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TAQA Announces New CEO of Abu Dhabi Transmission and Despatch Company FOR IMMEDIATE RELEASE: TAQA Announces New CEO of Abu Dhabi Transmission and Despatch Company Dr. Afif Saif Al Yafei appointed as Chief Executive Officer of TRANSCO Abu Dhabi, UAE – August 9, 2020: Abu Dhabi National Energy Company (TAQA) announced, today, the appointment of Dr. Afif Saif Al Yafei as Chief Executive Officer (CEO) at its subsidiary, Abu Dhabi Transmission and Despatch Company (TRANSCO). In his new role, effective today, Dr. Al Yafei will reinforce TRANSCO’s vital role in the transformation of Abu Dhabi’s power and water sector. Jasim Husain Thabet, Group CEO & MD at TAQA, said: “We are pleased to welcome Dr. Afif on board as CEO of TRANSCO. With a strong track record of achievements in the energy industry, substantial technical expertise and solid leadership experience, Dr. Afif will further strengthen TRANSCO’s role in guaranteeing the security and stability of the sector to ensure it remains a reliable, efficient, sustainable and value-generating system that is fit for the future.” Commenting on his appointment, Dr. Al Yafei said: “I am excited to be taking on the leadership role at TRANSCO. I look forward to supporting the sector’s ongoing transformational efforts, and in achieving the company’s vision and commitment to sustainability and operational excellence.” Dr. Afif joins TRANSCO from National Central Cooling Company PJSC (Tabreed), where he served in various roles, including Executive Vice President of Asset Management, Senior Vice President of Regional Businesses and Vice President of Operations. Prior to Tabreed, Afif spent more than a decade in the oil and gas industry, where he served in several leadership positions at ADNOC Group. Dr. Al Yafei has a strong track record of leading teams to achieve growth, operational excellence and performance optimization. He has been an instrumental player in several mergers and acquisitions and has held various board memberships at local and regional companies. Dr. Afif’s appointment as CEO of TRANSCO follows the conclusion of TAQA’s successful transaction with Abu Dhabi Power Corporation (ADPower) on July 1, 2020, which created one of the largest publicly listed companies in the UAE by market capitalization and a top- 10 utility player in the EMEA region by regulated assets. As part of the transaction, the majority of ADPower’s power and water generation, transmission and distribution assets, including TRANSCO, were transferred to TAQA in exchange for 106,367,950,000 new shares. To learn more about TAQA, please visit: www.taqa.com. # # # For media enquiries, please contact LeAnne Graves ([email protected]) About TAQA Established in 2005, the Abu Dhabi National Energy Company (TAQA) is a diversified utilities and energy group headquartered in Abu Dhabi, the capital of the United Arab Emirates, and listed on the Abu Dhabi Securities Exchange (ADX: TAQA). TAQA is a fully integrated utility company, with significant power and water generation, transmission and distribution assets, as well as upstream and midstream oil and gas operations. The company's assets are located in Canada, Ghana, India, Iraq, Morocco, Oman, Saudi Arabia, the United Arab Emirates, Netherlands, the United Kingdom and the United States. For more information, please visit: www.taqa.com. About TRANSCO Abu Dhabi Transmission and Despatch Company (TRANSCO) is responsible for the development, operations and maintenance of high-voltage power and bulk water transmission networks within Abu Dhabi and beyond. TRANSCO provides secure, sustainable, economic and reliable transmission networks that connect generation companies to distribution companies, as well as other end-users. TRANSCO is a subsidiary of Abu Dhabi National Energy Company (TAQA). For more information please visit: www.transco.ae. .
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