The State General Reserve Fund (SGRF), a sovereign wealth fund of the Sultanate of Oman, is part of a trio of globally renowned investors that are backing a 'platform company' set up to facilitate investment in India's booming power sector. The platform company has been jointly launched by Tata Power, India's largest integrated power company, and ICICI Venture, a specialist alternative assets manager wholly owned by ICICI Bank, the largest private sector bank in India. According to the Platform's co-sponsors, the additional capacity required to meet the demand is estimated at 93 gigawatts (GW) by 2022, and will be generated through conventional and renewable sources. The required investments will come from public sources and private investors. SGRF's participation as a partner investor in the initiative is in line with the wealth fund's strategy to suitably invest the Omani government's reserves with the aim of providing a long-term return for future generations, while also diversifying away from the oil & gas sector. (Oman Observer)