TORONTO, Feb 25 (Reuters) - PSP Investments, one of Canada's
largest public pension funds, has agreed to acquire a New
England portfolio of hydroelectric assets totalling 1.4
gigawatts (GW) for an enterprise value of $1.2 billion, it said
on Thursday.
PSP said it planned to maximise the potential benefits of
owning the assets by utilising the operational expertise of its
existing hydroelectric power platform, H20 Power.
"The purchased assets are an excellent fit with PSP
Investments' long-term investment horizon and its strategy to
leverage industry-specialized platforms, such as H20 Power,"
said Guthrie Stewart, PSP's head of private investments.