Recovering oil prices have boosted revenue at Abu Dhabi state firm Taqa, but net losses continue with the company lumbered with $20bn debts.

Abu Dhabi’s partially privatized energy company Taqa looks on track to raise its total revenues this year. The company’s power plants, both in the UAE and abroad, are earning steadily and its upstream assets – all overseas – are providing better income.

But the company again posted a net loss for the first nine months of 2017....