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Canadian CDPQ to purchase Terna's Latin American transmission assets [free access]

May 2, 2022

Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) has agreed to purchase Italy’s transmission system operator (TSO) Terna Group’s power transmission portfolio in Latin America for more than EUR265 million. With this acquisition, CDPQ will enter Latin American power transmission market.


According to the agreement, Terna will sell its network in Brazil, Peru and Uruguay, which extends almost to 1,200 km. It expects the transaction to result in a capital gain of more EUR60 million.


This agreement is a part of Terna’s focus to streamline its international footprint, which comes under its updated 2021-25 Industrial Plan.