Overview
- Abu Dhabi National Energy Company sold its 100% stake in TAQA Neyveli Power Company to MEIL Energy for about $104–105 million.
- The 250 MW lignite-fired plant in Neyveli, Tamil Nadu, supplies electricity under a long-term offtake with the state distribution utility.
- MEIL says the purchase lifts its operating generation portfolio beyond 5.2 GW as it shifts from EPC contracting to owning and operating assets.
- TAQA describes the exit as a considered portfolio move aligned with its lower‑carbon goals and net‑zero‑by‑2050 pathway.
- Despite the sale, TAQA retains coal exposure through Morocco’s 2 GW Jorf Lasfar complex while pursuing gas and renewable investments.