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Verus Partners Appointed to Advise TAQA

 

Citi and Verus Partners have been jointly appointed to advise Abu Dhabi National Energy Company (TAQA) on the limited recourse financing of the acquisition of a 1,400MW lignite fired power plant in Afsin-Elbistan, Turkey, and the financing of a greenfield power plant and associated mine development, also in the Afsin-Elbistan region.  The transaction will be among the largest financings in the energy sector in Turkey and follows the signing of an intergovernmental agreement between the Republic of Turkey and the United Arab Emirates in 2012.