ABU DHABI, April 3 Abu Dhabi National Energy Co
(TAQA) is considering debt funding options including a formosa
bond, sukuk and bank loans, the company's spokesman said on
TAQA will raise the funding to cover debt maturities due in
October 2017 and January 2018, he said.
Last week TAQA reported a 2016 loss of 18.55 billion dirhams
($5.05 billion), largely due to a 16.9 billion dirhams post-tax
impairment on oil and gas assets reflecting low international
oil and gas prices.
It plans to increase its capital expenditure for 2017 to 1.8
billion dirhams from 1.1 billion in 2016, the spokesman said.
($1 = 3.6724 UAE dirham)
(Reporting by Stanley Carvalho; writing by Davide Barbuscia;
editing by Jason Neely)