Caisse commits to Indian power project investment vehicle
An affiliate of Tata Power Co Ltd and ICICI Venture have launched a platform company to invest in power projects in India over the next two to three years. The platform, which will focus on acquisitions of controlling stakes in power generating companies, reflecting conventional thermal, hydroelectric and transmission assets, has raised initial capital of up to US$850 million. The amount may be increased in the future, depending on market opportunities. The platform's backers include the Caisse de dépôt et placement du Québec. Earlier this year, the Caisse opened its first office in India to scout for deals in the region.
12 September 2016•7 mins read
