Abu Dhabi National Energy Company said that it is in talks with India's TATA Group about developing a power plant in India. It is also looking to develop 3 power and water stations in Saudi Arabia, in a venture with privately owned Al Zamil Group.

Mr Peter Barker Homek CEO of Taqa said that "We should finalize soon with India's TATA Group to build a power plant in India in a JV where Taqa would take a stake."

TATA Group owns a stake in TATA Power Co, an electricity generating plant developer. It aims to boost its power generating capacity in India to 8,000 MW during the next 3 to 5 years.

Mr Barker Homek said that Taqa operates a 250 MW plant in the south Indian city of Chennai, whose capacity can be doubled. Construction of a 750 MW plant in the northeastern Indian state of Tripura will start soon. He added that "We are now focused on India, Europe and North America. A lot of opportunities are coming there."

On Saudi Arabia, he said that "We are looking at three projects right now across the economic cities in Saudi Arabia with Saudi's Al Zamil Group. You will hear from us on that in 2008."

In 2007, Taqa agreed to buy USD 900 million of assets from US utility CMS Energy Corporation that included ST CMS Co in India.