OMERS plans to take over power transmission assets and discoms in UTs

Canadian pension fund Ontario Municipal Employees’ Retirement System (OMERS) has evinced interest in acquiring stakes in power transmission assets and electricity discoms of union territories (UTs).

OMERS had recently announced its plans to purchase a 19.4 per cent stake in Azure Power Global Limited for $219 million. The entity is also looking at digital infrastructure and opportunities in businesses such as towers, fibre and data centres.Some of the other major Canadian investors in India are Canada Pension Plan Investment Board, Caisse de dépôt et placement du Québec and Brookfield Asset Management.

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