BENGALURU/NEW DELHI: India’s power sector, which has grappled with multiple challenges over the past years, is seeing renewed interest from global private equity (PE) investors keen to capitalize on the vast potential of smart meter manufacturers.
I Squared Capital, Ontario Municipal Employees Retirement System (Omers), OTPP, Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ), Brookfield, Macquarie, Canada Pension Plan Investment Board (CPP Investments), the World Bank’s private investment arm International Finance Corp. (IFC) and multilateral development lender Asian Infrastructure Investment Bank (AIIB) are among the potential investors evaluating firms in this sector, four industry experts said.
In April, VCCircle reported that Omers is considering creating an investment platform by joining hands with EDF India Pvt. Ltd, the Indian unit of French state-run power utility Électricité de France SA (EDF).
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