Standard Chartered has issued the first-ever green guarantee for China Energy Engineering Shanxi Electric Power Engineering Company (CEEC- SEPEC) in Oman.
The green guarantee provided is for a solar project in Oman, where CEEC- SEPEC is the main EPC contractor, the bank said in a statement on Tuesday.
The issuance of the first green guarantee between Standard Chartered and CEEC- SEPEC represents a major milestone in fostering the strong bilateral relationship between China and Oman.
The name of the project was not given.
Chinese news portal Seetao had previously reported that CEEC- SEPEC has been awarded the Engineering, Procurement and Construction (EPC) contract for the 500-megawatts Manah Solar II Independent Power Project (IPP) in Manah, Oman.
(Writing by P Deol; Editing by Anoop Menon)
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