TAQA Reveals New CEO of Abu Dhabi Transmission and Despatch Company

Business

TAQA Reveals New CEO of Abu Dhabi Transmission and Despatch Company

Abu Dhabi National Energy Company (TAQA) declared, today, the appointment of Dr Afif Saif Al Yafei as CEO at its subsidiary, Abu Dhabi Transmission and Despatch Company (TRANSCO).

In his new role, effective today, Dr Al Yafei will increase TRANSCOs important role in the conversion of Abu Dhabis power and water sector.

Jasim Husain Thabet, Group CEO & MD at TAQA, said: We are happy to welcome Dr Afif on board as CEO of TRANSCO. With a great course record of accomplishments in the energy industry, strong technical expertise and solid administration experience, Dr Afif will further encourage TRANSCOs role in ensuring the security and stability of the sector to ensure it continues a reliable, efficient, sustainable and value-generating system that is fit for the future.

Commenting on his appointment, Dr Al Yafei said: I am delighted to be taking on the administration role at TRANSCO. I look ahead to strengthening the sectors ongoing transformational applications, and in managing the companys vision and dedication to sustainability and operational excellence.

Dr Afif joins TRANSCO from National Central Cooling Company PJSC (Tabreed), where he worked in various roles, including Executive Vice President of Asset Management, Senior Vice President of Regional Businesses and Vice President of Operations.

Before Tabreed, Afif contributed more than a decade in the oil and gas industry, where he worked in several leadership positions at ADNOC Group.

Dr Al Yafei has a great track record of managing teams to deliver growth, operational distinction and performance optimization.

He has been a conducive player in numerous mergers and awards and has held several board memberships at local and regional companies.

Dr Afifs placement as CEO of TRANSCO reflects the conclusion of TAQAs successful transaction with Abu Dhabi Power Corporation (ADPower) on July 1, 2020, which produced one of the greatest openly listed businesses in the UAE by market capitalization and a top-10 utility player in the EMEA region by regulated assets.

As part of the transaction, the majority of ADPowers power and water generation, transmission and distribution assets, including TRANSCO, were transported to TAQA in exchange for 106,367,950,000 new shares.