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Canadian Pension Fund CDPQ setting up new office in India; to deepen investments

The Globe and Mail
Last updated Wednesday, Mar. 09, 2016 10:24AM EST

Caisse de dépôt et placement du Québec is setting up to deepen investments in India with its latest hire.

Anita Marangoly George has been appointed managing director of South Asia, setting up a new office in New Delhi called CDPQ India for the pension plan.

Her first order of business will be overseeing the $150-million in renewable energy investments the Caisse plans to make in the region.

Ms. George will join the Caisse on April 1 from World Bank Group where she was a senior director of the global practice focused on energy and extractives. She has experience in managing global investment portfolios in infrastructure and in sectors such as energy, mining, water and transportation. She also has experience financing renewable energy projects, including the first commercial solar project in India.

The Caisse has already made several wind power investments in renewable energy in North America, such as a stake in Chicago-based wind-farm developer Invenergy Wind LLC in 2014 and a $500-million stake in a stake in 13 wind farms in the United States and Canada in 2013.

In India, the Caisse will target hydro, solar, wind and geothermal power assets within the next few years and will be on the hunt for local investment partners.

“We believe India stands out as an exceptional country to invest in, given the scope and quality of investments opportunities, the potential for strategic partnerships with leading Indian entrepreneurs, and the current government's intention to pursue essential economic reforms,” said Michael Sabia, chief executive of the Caisse in a statement.

http://www.theglobeandmail.com/report-on-business/streetwise/caisse-opens-first-office-in-india/article29099734/

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