Canadian pension fund buys 20% stake in TransGrid

The company operates the transmission network in NSW and ACT, Australia.

Canada-based pension fund OMERS has acquired a 19.99% stake in Australian TransGrid from Wren House Infrastructure Management, according to a press release.

According to OMERS Infrastructure managing director–Australia, Christopher Curtain, this marks their second infrastructure investment in Australia, following the Port of Melbourne.

TransGrid’s high voltage transmission network connects around eight million people in New South Wales (NSW) and the Australian Capital Territory (ACT) to electricity supply. Besides OMERS, it is currently owned by a consortium of Spark Infrastructure, Utilities Trust of Australia, CDPQ and Tawreed Investments Limited.