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Sidley Austin has advised Singapore-based utility company Sembcorp Industries on the $1.5 billion sale of India unit to Tanweer Infrastructure, which is part of a consortium led by Oman Investment Corporation and Oman’s Ministry of Defense Pension Fund.

The deal is part of Sembcorp Industries' strategy to shift to green energy, Reuters reported. Sembcorp Energy, one of the largest power producers in India, operates two coal-fired power plants totaling 2.64 giga-watts that service nearly 2.5 million households, Reuters added.

The Sidley team was led by partners Charlie Wilson in Singapore and Daniel Lin in Tokyo.

 

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