Newspaper article The Canadian Press

Quebec Pension Fund Invests in Australian Electricity Network

Newspaper article The Canadian Press

Quebec Pension Fund Invests in Australian Electricity Network

Article excerpt

Quebec pension fund invests in Australia

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MONTREAL - The Quebec pension plan is part of a consortium that is spending $9.9 billion to acquire a 99-year lease for TransGrid, the owner and operator of the electricity transmission network in New South Wales in Australia.

The network spans close to 13,000 kilometres and serves Sydney and Canberra, the country's economic and political capitals.

The Caisse de depot et placement du Quebec is part of a consortium called NSW Electricity Networks, which includes two Australian investment firms and two other companies.

The pension fund will hold 24.99 per cent equity in the project, which represents an investment of $1.15 billion.

The Quebec fund has been active in Australia since 2012 through a number of investments in social infrastructure. …

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