La Caisse Bets Big on Brazil's Power Grid
Freschia Gonzales of Wealth Professional reports Quebec pension giant bets big on Brazil's power grid: Two of Latin America's largest energy infrastructure investors are consolidating their Brazilian transmission assets into a single platform, betting on the country's grid modernization push. La Caisse de dépôt et placement du Québec and Colombia-based Grupo Energía Bogotá (GEB) have signed a final agreement to merge their respective Brazilian power transmission holdings into a jointly controlled, 50/50 venture under the name Verene Energia S.A. The combined entity will hold 26 electric transmission concession agreements, more than 9,000 km of transmission lines, and over 400 employees across 17 Brazilian states. A scale the partners say places Verene among Brazil's top five transmission operators. Verene will pursue growth through network optimization, infrastructure expansion, and potential acquisitions, aligned with Bra...