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Quebec fund manager to invest US$1.8bn in Mexico power sector

Bnamericas Published: Tuesday, June 28, 2016
Quebec fund manager to invest US$1.8bn in Mexico power sector

Canadian institutional fund manager Caisse de dépôt et placement du Québec (CDPQ), in association with Mexican consortium CKD, plans to invest Cdn$2.4bn (US$1.83bn) in energy infrastructure projects in Mexico.

Mexico's energy minister, Pedro Joaquín Coldwell (pictured), said the investment plans include power stations and transmission and distribution lines, state news agency Notimex reported.

CDPQ is also due to sign a confidentiality agreement with Mexico's state oil company Pemex that will cover investment-related talks.

Hydro-Quebec, the world's fourth-largest hydroelectricity company, will participate in a tender to build a transmission line connecting Mexico's Tehuantepec isthmus with the center of the country, and which will cost around US$1.2bn, Notimex said.

The company, which operates a transmission line running from Quebec to Boston, sees Mexico as a priority investment market, Coldwell was reported as saying. Hydro-Quebec is also in talks with Mexico's state power utility CFE to create a strategic alliance for the construction of hydroelectric plants, Coldwell added.

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