CDPQ supports EPM, a leading electricity producer

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La Caisse de dépôt et placement du Québec ("CPDQ"), a long-term institutional investor, announced that it will support Colombia-based energy company Empresas Públicas de Medellín (EPM) with a US$250 million (CAD$313 million) loan. This transaction will contribute to EPM’s overall growth, notably the Ituango hydroelectric project, the largest renewable energy project in Colombia to date.CDPQ’s investment is part of a US$1 billion facility. For this transaction, CDPQ joins a group of lenders led by IDB Invest, a member of the Inter-American Development Bank Group and the principal source of private sector development financing for Latin America, and including several other global financial institutions.In Colombia, as in many other regions of Latin America, rapid urbanization has caused a shortage in electricity in densely-populated areas. As a leader in hydroelectric energy production, transmission, and distribution, in a region where hydroelectricity accounts for approximately 80% of the supply, EPM is working toward ensuring that the large demand is met while having a positive impact on market prices. false false false EPM, which also operates in the natural gas, telecommunications, and water sectors, is CDPQ’s second Colombian investment within four months. In October 2017, CDPQ made its first direct private investment in Colombia, a senior loan to Pacifico 2, a toll highway sponsored by Colombian concessionaire Odinsa under the Colombian government’s PPP program for transport infrastructure. false false false ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2017, it held $286.5 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.