Heavy reliance on fossil fuels, fluctuating energy prices, and the urgent need for sustainable energy solutions have posed several challenges for the Asian energy sector. With 70% of Asia’s energy currently produced from coal, the region grapples with high carbon emissions and environmental degradation. The lingering impacts of the COVID-19 pandemic and geopolitical tensions have also exacerbated energy security concerns. Jasim Husain Thabet, as the Group CEO and Managing Director of TAQA Group, has been at the forefront of addressing these challenges. Under his leadership, TAQA has significantly invested in renewable energy projects, such as the Al Dhafra Solar Photovoltaic Project, one of the world’s largest single-site solar projects. Thabet has also championed the development of green hydrogen initiatives, leveraging the UAE’s abundant solar and water resources to create sustainable energy solutions.
With over two decades of experience, Jasim Husain Thabet is a prominent figure in the energy sector and has played a pivotal role in transforming the energy landscape in the UAE and beyond. His journey is marked by strategic leadership, innovative thinking, and a commitment to sustainability.
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The Stage for the Take-Off
Jasim Husain Thabet was born and raised in the UAE. He pursued his higher education in the United States, earning a Bachelor of Science in Mechanical Engineering from Saint Martin’s University. This strong educational foundation laid the groundwork for his future endeavours in the energy sector. Thabet began his career in the energy industry, quickly making a name for himself with his technical expertise and leadership skills. His early roles included various engineering and management positions, where he honed his skills and gained valuable experience.
Leadership Roles and Achievements
Thabet’s first significant leadership role was as the CEO of Tabreed, a leading district cooling company in the UAE. Under his leadership, Tabreed expanded its operations and solidified its position as a key player in the cooling industry. Thabet’s strategic vision and operational excellence drove the company’s growth. Following his success at Tabreed, Thabet was appointed as the CEO and Managing Director of Abu Dhabi Power Corporation. In this role, he leveraged the company’s portfolio of assets to support the transformation of the power and water sector in the UAE. His leadership was crucial in aligning ADPower’s operations with the UAE’s broader energy strategy.
In July 2020, Thabet took on the role of Group CEO and Managing Director of TAQA Group. Established in 2005, TAQA is a global energy company operating in the power, water, and oil and gas sectors across 23 countries. Under Thabet’s leadership, TAQA has achieved significant milestones, including reporting revenues of $14.1 billion in 2023 and managing assets worth $58 billion by the end of Q1 2024
Impact on TAQA Group
Thabet’s tenure at TAQA has been marked by a series of strategic initiatives aimed at enhancing the company’s global footprint and operational efficiency. He has overseen the expansion of TAQA’s operations into new markets and sectors. This includes significant investments in renewable energy projects and strategic acquisitions that have diversified the company’s portfolio. Thabet has also been a strong advocate for sustainability. Under his leadership, TAQA has committed to achieving the UAE’s net-zero target by 2050. The company has also developed a green finance framework and raised $700.8 million through its first green bond. Moreover, he has implemented various initiatives to improve operational efficiency and reduce costs. This includes leveraging advanced technologies and optimizing the company’s asset management practices.
Awards and Accolades
Thabet’s contributions to the energy sector have been widely recognized. He has been featured in Forbes Middle East’s list of Top CEOs in 2024. His leadership has also earned him a place among the top-performing CEOs in the UAE, as highlighted by Business Chie. These accolades exemplify his strategic vision, operational excellence, and commitment to sustainability.
Board Memberships and Other Roles
In addition to his role at TAQA, Thabet serves as the deputy chairman and a board member at Masdar, a global leader in renewable energy and sustainable urban development. He is also a non-executive director and a member of various Etihad Aviation Group and Abu Dhabi Ports committees.
Jasim Husain Thabet’s professional journey is a remarkable story of leadership, innovation, and commitment to sustainability. From his early days as an engineer to his current role as the Group CEO and Managing Director of TAQA Group, Thabet has consistently demonstrated his ability to drive growth and transformation in the energy sector. His strategic vision and operational excellence continue to shape the future of TAQA and the broader energy landscape. Thabet’s journey serves as an inspiration to aspiring leaders in the energy sector and beyond. His achievements underscore the importance of strategic leadership, innovation, and a commitment to sustainability in driving organisational success.
