Abu Dhabi National Energy Co (Taqa), the state-owned oil explorer and power supplier, swung to a first-quarter net loss, it said on Wednesday.

Taqa, majority-owned by Abu Dhabi's government, made a net loss attributable to equity holders of Dh608 million ($165.5 million) in the three months to March 31, versus a net profit of Dh256 million dirhams in the same period of 2015, it said in a bourse statement. – Reuters