Sembcorp Industries on Monday announced that its wholly-owned subsidiary Sembcorp Utilities (SCU), has entered into a share purchase agreement to sell 100% of the shares of Sembcorp Energy India Limited (SEIL) to Tanweer Infrastructure Pte. Ltd.
SEIL is one of the largest independent power producers in India, operating two supercritical coal-fired plants totalling 2.6GW. Tanweer Infrastructure is indirectly owned by a consortium led by Oman Investment Corporation S.A.O.C. (OIC) in partnership with the Ministry of Defence Pension Fund, Oman, one of Oman’s largest pension funds with significant investments across power and infrastructure, and Dar Investment SPC.
