{"id":73809,"date":"2022-09-06T02:00:35","date_gmt":"2022-09-06T02:00:35","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2022\/09\/06\/omani-investors-are-adding-to-their-carbon-footprint-with-a-usd-1-5-bn-transaction\/"},"modified":"2022-09-06T02:00:35","modified_gmt":"2022-09-06T02:00:35","slug":"omani-investors-are-adding-to-their-carbon-footprint-with-a-usd-1-5-bn-transaction","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2022\/09\/06\/omani-investors-are-adding-to-their-carbon-footprint-with-a-usd-1-5-bn-transaction\/","title":{"rendered":"Omani investors are adding to their carbon footprint with a USD 1.5 bn transaction"},"content":{"rendered":"

<\/a> A group of Omani investors will acquire 100% of Sembcorp Industries\u2019 <\/strong>Indian unit <\/strong>as the Singaporean utilities company looks to dispose of some of its high-emission assets and transition to renewables. The consortium, led by Omani private equity player Oman Investment Corporation<\/a> (OIC), has signed an agreement to buy Sembcorp Energy India Limited\u2019s<\/a> (SEIL) for USD 1.47 bn, Sembcorp said in a filing (pdf)<\/a> to the Singapore stock exchange yesterday, handing it almost 5 GW of power generation capacity.<\/p>\n

Sembcorp Energy India is one of India\u2019s largest independent power producers<\/strong> and has a 4.9 GW portfolio of producing and under-construction assets \u2014 the bulk of which is powered by fossil fuels. That includes 2.64 GW from two coal-fired power stations.<\/p>\n

\u2026but it\u2019s also a relatively significant player in renewables: <\/strong>The company owns around 1.73 GW from wind and solar assets. Another 400 MW of solar capacity is under construction.<\/p>\n

The buyers:<\/strong> The OIC is joining up with the Omani Defense Ministry\u2019s pension fund and a company owned by the head of Oman\u2019s Capital Market Authority to purchase the company via a special-purpose fund named Tanweer Infrastructure. OIC holds a 70% indirect stake in the company, the pension fund owns 20% and Dar Investment 10%.<\/p>\n

The transaction could close sometime in mid-2023: <\/strong>The sale is expected to close six months after shareholders meet in November and is subject to regulatory and shareholder approvals, the company said in a separate statement<\/a>.<\/p>\n

Why the sale? Sembcorp wants to go from brown to green:<\/strong> Sembcorp expects the sale to reduce emissions intensity by 37%, enabling it to reach its 2025 target early. Selling the coal assets will increase renewables\u2019 share of its energy mix to 51% from 43% currently, it said.<\/p>\n

OIC and Sembcorp aren\u2019t strangers:<\/strong> The two companies set up a joint venture firm<\/a> to construct the USD 1 bn Salalah water and power plant<\/a> in Oman in 2009, in which Sembcorp held a 60% stake. OIC sold some of its shares in the 2013 IPO and now owns 13% of the firm.<\/p>\n","protected":false},"excerpt":{"rendered":"

A group of Omani investors will acquire 100% of Sembcorp Industries\u2019 Indian unit as the Singaporean utilities company looks to dispose of some of its high-emission assets and transition to renewables. The consortium, led by Omani private equity player Oman Investment Corporation (OIC), has signed an agreement to buy Sembcorp Energy India Limited\u2019s (SEIL) for […]<\/p>\n","protected":false},"author":1,"featured_media":73810,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2016],"tags":[662,11,260,660,79,92,745,744],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-73809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-climate","tag-enterpriseclimate","tag-india","tag-ma","tag-ma-watch","tag-oman","tag-oman-investment-corporation","tag-sembcorp","wpautop","entry"],"acf":{"mongo_id":"dbe558b6-6166-404f-8aa3-2bd7b56647dd","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/9\/4175.jpg","photo_position":"above","related_issue":[73806],"teaser":"","voice_url":""},"yoast_head":"\nOmani investors are adding to their carbon footprint with a USD 1.5 bn transaction - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2022\/09\/06\/omani-investors-are-adding-to-their-carbon-footprint-with-a-usd-1-5-bn-transaction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Omani investors are adding to their carbon footprint with a USD 1.5 bn transaction\" \/>\n<meta property=\"og:description\" content=\"A group of Omani investors will acquire 100% of Sembcorp Industries\u2019 Indian unit as the Singaporean utilities company looks to dispose of some of its high-emission assets and transition to renewables. The consortium, led by Omani private equity player Oman Investment Corporation (OIC), has signed an agreement to buy Sembcorp Energy India Limited\u2019s (SEIL) for […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2022\/09\/06\/omani-investors-are-adding-to-their-carbon-footprint-with-a-usd-1-5-bn-transaction\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-06T02:00:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/4175.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/09\/06\/omani-investors-are-adding-to-their-carbon-footprint-with-a-usd-1-5-bn-transaction\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/09\/06\/omani-investors-are-adding-to-their-carbon-footprint-with-a-usd-1-5-bn-transaction\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Omani investors are adding to their carbon footprint with a USD 1.5 bn transaction\",\"datePublished\":\"2022-09-06T02:00:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/09\/06\/omani-investors-are-adding-to-their-carbon-footprint-with-a-usd-1-5-bn-transaction\/\"},\"wordCount\":339,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/09\/06\/omani-investors-are-adding-to-their-carbon-footprint-with-a-usd-1-5-bn-transaction\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/4175.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Climate\",\"EnterpriseClimate\",\"India\",\"M&A\",\"M&A WATCH\",\"Oman\",\"Oman Investment Corporation\",\"Sembcorp\"],\"articleSection\":[\"M&A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/09\/06\/omani-investors-are-adding-to-their-carbon-footprint-with-a-usd-1-5-bn-transaction\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2022\/09\/06\/omani-investors-are-adding-to-their-carbon-footprint-with-a-usd-1-5-bn-transaction\/\",\"name\":\"Omani investors are adding to their carbon footprint with a USD 1.5 bn transaction - Climate\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/09\/06\/omani-investors-are-adding-to-their-carbon-footprint-with-a-usd-1-5-bn-transaction\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/09\/06\/omani-investors-are-adding-to-their-carbon-footprint-with-a-usd-1-5-bn-transaction\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/4175.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2022-09-06T02:00:35+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/09\/06\/omani-investors-are-adding-to-their-carbon-footprint-with-a-usd-1-5-bn-transaction\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/climate\/2022\/09\/06\/omani-investors-are-adding-to-their-carbon-footprint-with-a-usd-1-5-bn-transaction\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/09\/06\/omani-investors-are-adding-to-their-carbon-footprint-with-a-usd-1-5-bn-transaction\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/4175.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/4175.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/09\/06\/omani-investors-are-adding-to-their-carbon-footprint-with-a-usd-1-5-bn-transaction\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/climate\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Omani investors are adding to their carbon footprint with a USD 1.5 bn transaction\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"name\":\"Climate\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\",\"name\":\"Climate\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/25470.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/25470.svg\",\"caption\":\"Climate\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Omani investors are adding to their carbon footprint with a USD 1.5 bn transaction - Climate","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/climate\/2022\/09\/06\/omani-investors-are-adding-to-their-carbon-footprint-with-a-usd-1-5-bn-transaction\/","og_locale":"en_US","og_type":"article","og_title":"Omani investors are adding to their carbon footprint with a USD 1.5 bn transaction","og_description":"A group of Omani investors will acquire 100% of Sembcorp Industries\u2019 Indian unit as the Singaporean utilities company looks to dispose of some of its high-emission assets and transition to renewables. The consortium, led by Omani private equity player Oman Investment Corporation (OIC), has signed an agreement to buy Sembcorp Energy India Limited\u2019s (SEIL) for […]","og_url":"https:\/\/enterpriseam.com\/climate\/2022\/09\/06\/omani-investors-are-adding-to-their-carbon-footprint-with-a-usd-1-5-bn-transaction\/","og_site_name":"Climate","article_published_time":"2022-09-06T02:00:35+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/4175.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/climate\/2022\/09\/06\/omani-investors-are-adding-to-their-carbon-footprint-with-a-usd-1-5-bn-transaction\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/2022\/09\/06\/omani-investors-are-adding-to-their-carbon-footprint-with-a-usd-1-5-bn-transaction\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Omani investors are adding to their carbon footprint with a USD 1.5 bn transaction","datePublished":"2022-09-06T02:00:35+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2022\/09\/06\/omani-investors-are-adding-to-their-carbon-footprint-with-a-usd-1-5-bn-transaction\/"},"wordCount":339,"publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2022\/09\/06\/omani-investors-are-adding-to-their-carbon-footprint-with-a-usd-1-5-bn-transaction\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/4175.jpg?fit=%2C&ssl=1","keywords":["Climate","EnterpriseClimate","India","M&A","M&A WATCH","Oman","Oman Investment Corporation","Sembcorp"],"articleSection":["M&A WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/climate\/2022\/09\/06\/omani-investors-are-adding-to-their-carbon-footprint-with-a-usd-1-5-bn-transaction\/","url":"https:\/\/enterpriseam.com\/climate\/2022\/09\/06\/omani-investors-are-adding-to-their-carbon-footprint-with-a-usd-1-5-bn-transaction\/","name":"Omani investors are adding to their carbon footprint with a USD 1.5 bn transaction - Climate","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2022\/09\/06\/omani-investors-are-adding-to-their-carbon-footprint-with-a-usd-1-5-bn-transaction\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2022\/09\/06\/omani-investors-are-adding-to-their-carbon-footprint-with-a-usd-1-5-bn-transaction\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/4175.jpg?fit=%2C&ssl=1","datePublished":"2022-09-06T02:00:35+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/climate\/2022\/09\/06\/omani-investors-are-adding-to-their-carbon-footprint-with-a-usd-1-5-bn-transaction\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/climate\/2022\/09\/06\/omani-investors-are-adding-to-their-carbon-footprint-with-a-usd-1-5-bn-transaction\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/2022\/09\/06\/omani-investors-are-adding-to-their-carbon-footprint-with-a-usd-1-5-bn-transaction\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/4175.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/4175.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/climate\/2022\/09\/06\/omani-investors-are-adding-to-their-carbon-footprint-with-a-usd-1-5-bn-transaction\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/climate\/"},{"@type":"ListItem","position":2,"name":"Omani investors are adding to their carbon footprint with a USD 1.5 bn transaction"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/climate\/#website","url":"https:\/\/enterpriseam.com\/climate\/","name":"Climate","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/climate\/#organization","name":"Climate","url":"https:\/\/enterpriseam.com\/climate\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/25470.svg","contentUrl":"https:\/\/ent.news\/internal\/25470.svg","caption":"Climate"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/4175.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/4175.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/4175.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/pgVl2y-jct","_links":{"self":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/73809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/comments?post=73809"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/73809\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/73806"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media\/73810"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media?parent=73809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/categories?post=73809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/tags?post=73809"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/brand?post=73809"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=73809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}