Omantel to Invest in Renewable Energy under Sustainable Finance Framework
Other Sustainable financing instruments raised under the Framework include financing eligible activities such as energy efficiency improvements in fixed and mobile networks.
June 05, 2023. By Anurima Mondal
Projects financed under the framework will support Omantel’s sustainability agenda. Sustainable financing instruments raised under the Framework will finance eligible activities such as energy efficiency improvements in fixed and mobile networks including deployment of 5G technologies and other digital products and services, renewable energy investments, e-waste recycling projects and green buildings, as well as support Omantel’s investments in the socioeconomic front such as enabling access to Internet services, providing specialized services to individuals with special needs or disabilities, and supporting entrepreneurship initiatives.
Talking about the development, Talal Al Mamari, CEO Omantel, said, “We are delighted of this historic milestone. To pioneer the regions first sustainable financial framework is a testament to our unwavering commitment to Oman 2040 and the broader sustainability strategies shaping our world. This launch will support the establishment of multiple projects, especially those related to the 5G network and many digital services reflecting Omantel’s vision in building a connected community through innovation.”
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