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Recession, a Windfall for Masdar

ABUDHABI - The current global financial meltdown seems to have become an indirect windfall for Masdar, the mega initiative launched by the UAE in April 2006 for advancing the development, commercialisation and deployment of renewable and alternative energy technologies and solutions.

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TAQA to Invest $2-4b in Acquisitions; to Form JVs

ABU DHABI - Abu Dhabi National Energy Company (TAQA) plans to invest $2-4 billion in the energy sector this year as global economic recession has forced several distressed firms to show interest in business partnerships with the world’s fastest growing energy giant, said Peter Barker-Homek, its chief executive officer.

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