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.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications