20.09.2016 - Oman fund to invest in India’s power sector
Oman’s State General Reserve Fund (SGRF), a sovereign wealth fund, plans to support a joint venture that aims to facilitate investment in India’s power sector, a report said. SGRF will join Canada-based La Caisse de dépôt et placement du Québec (CDPQ), a leading institutional fund manager and Kuwait Investment Authority (KIA), a sovereign wealth fund in backing the platform company set up by India’s Tata Power and ICICI Venture, added the Oman Observer report. The plat plans to raise an initial capital of up to $850 million to be contributed by the sponsors and partner investors either directly or through their affiliates, according to the report..............................................Full Article: Source
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