Abu Dhabi National Energy Company (Taqa) fell deeper into the red during the first nine months of the year as revenues took a hit on lower prices.

Taqa posted a loss of 1.7 billion dirham ($462.8 million) for the nine months to 30 September, widening from the 581 million dirham loss recorded over the same period last year.

The drop deeper into the red came as revenues slipped 17% year-on-year, from 14.7