Carl Sheldon, general manager of Abu Dhabi National Energy Co (Taqa) has said that the utility company plans to spend $1.4bn on developmental projects this year, Bloomberg has reported. The state-run firm has reported net profit for 2009 of Dhs182m, compared with Dhs1.8bn in 2008. Total revenue was Dhs16.9bn, flat compared with Dhs16.8bn for 2008.