Caisse de dépôt et placement du Québec (CDPQ) proposes to acquire a 40 percent stake, for $476 million in cash, in CLP India Private Ltd, an Indian power generation affiliate of Hong Kong-based CLP Holdings Ltd. CDPQ invests in companies and assets in all investment categories. Completion of the transaction is subject to the fulfillment of various conditions precedent including regulatory approvals.
CLP India will expand investments in low-carbon growth areas including renewable energy investments as well as non-generation business opportunities in transmission, distribution, and other customer-focused businesses. Innovation and new business models will also be pursued as and when the opportunities arise, the company said.
