<article><a style="color: #000080;" href="http://cdpq.com/en" target="_blank">Caisse de dépôt et placement du Québec (CDPQ)</a>, the second largest pension fund in Canada, formally launched Wednesday its headquarters in New Delhi in India with $150 million commitment for investments in renewable energy (RE).</article>

<a style="color: #000080;" href="http://cdpq.com/en" target="_blank">Caisse de dépôt et placement du Québec (CDPQ)</a>, the second largest pension fund in Canada, formally launched Wednesday its headquarters in New Delhi in India with $150 million commitment for investments in renewable energy (RE).
The private investor also announced the appointment of Anita Marangoly George as CDPQ&#8217;s managing director for South Asia who will head the New Delhi office starting April 1, 2016.
CDPQ said the goal is to find the best investment opportunities across all asset classes in South Asian markets. The company&#8217;s $150 million committed investement in RE in India also marked its debut in growth markets.
During the next three to four years, CDPQ&#8217;s plans to use its commitment to target hydro, solar, wind and geothermal power assets, with investments likely to take the form of select partnerships with leading Indian RE companies.
The New Delhi base is an addition to CDPQ&#8217;s string of satellite offices such as Montréal, Québec city, New York, Washington, Mexico City, Paris, Singapore, Sydney and Beijing.
CDPQ president and chief executive officer Michael Sabia expressed optimism in their new venture citing India&#8217;s active investment climate.
&#8220;We believe India stands out as an exceptional country to invest in, given the scope and quality of investments opportunities, the potential for strategic partnerships with leading Indian entrepreneurs, and the current government’s intention to pursue essential economic reforms,&#8221; Sabia said.
Some of CDPQ&#8217;s significant portfolio of RE investments include wind energy in North America, financing over 5,400 MW of wind power through its stake in Invenergy. The private investor is also a major shareholder of London Array, the largest offshore wind farm in the world, generating 630 MW of wind energy.
CDPQ remains as one of Canada&#8217;s leading institutional fund managers with CAD 248 billion in net assets. It invests globally in major financial markets, private equity, infrastructure and real estate.
With George&#8217;s appointment, she will play an instrumental role in developing and monitoring CDPQ’s investments in South Asian markets, especially in India. And with her deep knowledge of the region, she is expected to establish and maintain close relationships with key public and private institutions to support CDPQ’s investment teams across all asset classes.
&#8220;With Ms. George’s vast experience in the South Asian business environment, CDPQ will be ideally positioned to identify the right partners and the best opportunities,” said Rashad Kaldany, CDPQ’s executive vice-president, growth markets.
George has a solid track record in managing global investment portfolios in infrastructure, more specifically in the energy, oil and gas, mining, water, transportation and logistics sectors. Before joining CDPQ India, she was senior director of the World Bank Group’s Global Practice on Energy and Extractives.
Prior to her position at the World Bank, she was director of Infrastructure and Natural Resources at the International Finance Corporation (IFC), a member of the World Bank Group. Before that, she was head, Siemens Financial Services in India.
George holds a BA in Economics and Spanish from Smith College, in Massachusetts, and a Masters in Economics and a MBA in Finance from Boston University.
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CDPQ to invest $150m in renewable energy in India

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