{"id":362153,"date":"2020-07-10T10:11:18","date_gmt":"2020-07-10T04:41:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=362153"},"modified":"2020-07-10T10:11:18","modified_gmt":"2020-07-10T04:41:18","slug":"singapore-sembcorp-explores-stake-sale-in-india-thermal-power-business","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/singapore-sembcorp-explores-stake-sale-in-india-thermal-power-business\/","title":{"rendered":"Singapore\u2019 Sembcorp explores stake sale in India thermal power business"},"content":{"rendered":"<p>New Delhi: Singapore-based Sembcorp Industries Ltd has appointed Rothschild to find a strategic investor for its thermal power generation business in India, said two people aware of the development.<\/p>\n<p>On offer is a stake sale in Sembcorp Energy India Ltd\u2019 (SEIL) 2.64 gigawatt (GW) coal-fuelled power project in Andhra Pradesh, and comes in the backdrop of a fundamental change in the investment culture, with multilateral and bilateral agencies as well as sovereign wealth funds ceasing investments in businesses that contribute to climate change.<\/p>\n<p>\u201cIndia remains a key market for Sembcorp. As earlier communicated to the market, we will continue to explore various strategic options to unlock value,&#8221; said a Sembcorp Energy India spokesperson in an emailed response.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: Singapore-based Sembcorp Industries Ltd has appointed Rothschild to find a strategic investor for its thermal power generation business in India, said two people aware of the development. On offer is a stake sale in Sembcorp Energy India Ltd\u2019 (SEIL) 2.64 gigawatt (GW) coal-fuelled power project in Andhra Pradesh, and comes in the backdrop of a fundamental change in the investment culture, with multilateral and bilateral agencies as well as sovereign wealth funds ceasing investments in businesses that contribute to climate change. \u201cIndia remains a key market for Sembcorp. As earlier communicated to the market, we will continue to [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-362153","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/362153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=362153"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/362153\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=362153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=362153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=362153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}