Abu Dhabi - Mubasher: Moody's Investors Service said that the huge cut in operational and capital expenses by Abu Dhabi National Energy (TAQA) during 2015 and the first half of 2016 helped the company overcome the effects of lower oil prices.
The rating agency predicts that TAQA will follow the same trend in the near future.
During the 12-month period that ended on 30 June 2016, TAQA’s costs were decreased by 31% to AED 8.9 billion compared to AED 13 billion in the same period in the same period the year before.
