Synergy Consulting has announced that it had a major advisory role in supporting Abu Dhabi National Energy Company (Taqa) on the successful execution of a 27-year utilities purchase agreement signed with Adnoc for the Ta’ziz Industrial Chemicals Zone in Ruwais Industrial City, Abu Dhabi.

Ta’ziz is a joint venture between two major Abu Dhabi entities - the emirate's leading oil company Adnoc and ADQ, a major investor in global business platforms focused on critical infrastructure and supply chains.

The landmark utilities purchase agreement will see Taziz establish a dedicated service management company to act as the sole offtaker of utilities, ensuring efficient and reliable utility supply to support industrial operations within the zone.

It underpins the joint development by Taqa and Adnoc of a central utilities project that will deliver critical infrastructure services to the Ta’ziz Industrial Chemicals Zone. 

These services include electricity grid connectivity, steam generation, process cooling, and a comprehensive suite of water and wastewater utilities required to enable large-scale chemicals and transition fuels projects.

Synergy Consulting said it had provided end-to-end transaction support to Taqa, including commercial structuring, drafting and negotiation of key project agreements and financial modelling as well as assistance with EPC evaluation and negotiations. 

Synergy is proud to have contributed to this strategically significant project, which strengthens Abu Dhabi’s industrial and energy infrastructure, it added.-TradeArabia News Service