Abu Dhabi National Energy Company PJSC (ADX:TAQA) agreed to acquire 40% stake in Two gas-fired power plants in Uzbekistan on September 9, 2022. The Talimarjan Issiqlik Elektr Stansiyasi JSC (TIES) will retain the remaining 20% stake in each plant. The transaction remains subject to the satisfaction of certain conditions precedent, including obtaining any applicable regulatory or other approvals.

Completion of this transaction is expected to occur during the second half of 2023.