Abu Dhabi's Taqa buys Canada land worth $63 mln
DUBAI, July 6 (Reuters) - Abu Dhabi National Energy Company TAQA.AD (TAQA) has purchased two blocks of land comprising 1,300 square kilometers in the Horn River Basin in Canada's British Columbia for $63.2 million, Taqa said in a statement.
"Horn River Basin is one of the important gas prone basins in Canada," Taqa said.
Taqa, a diversified energy company that runs oil wells and power plants, is 75 percent owned by the government of the emirate of Abu Dhabi.
(Reporting by Thomas Atkins; editing by Simon Jessop)
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