Abu Dhabi National Energy will pay US$320 million (Dh1.17 billion) to acquire power plants and electricity transmission lines in the Caribbean, it said today.
The company, also known as Taqa, signed a deal on Friday to buy 50 per cent of power assets owned by Japan’s Marubeni Corporation in four Caribbean countries, sealing a plan that was announced last month.
Taqa officials had declined to say how much the deal was worth until today's statement to the Abu Dhabi Securities Exchange.
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