Taqa renews Canada revolving facility

24 May 2010

Abu Dhabi National Energy (Taqa) has said its Canadian unit has renewed a three-year revolving facility, Bloomberg has reported. The government-controlled utility said the facility for Taqa North will allow it to borrow as much as C$1bn ($945m) from eight lenders in Canada to help increase drilling at oil and natural gas deposits in North America.

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