CPP Investments to invest in Peruvian power firm Inkia alongside I Squared

• The remaining 50 percent ownership stake will be acquired by an I Squared-led continuation vehicle
• Inkia operates a diversified and reliable generation portfolio of 2.6GW through its subsidiaries Kallpa Generación S.A. and Orazul Energy Peru S.A
• I Squared has been invested in Inkia since 2017

CPP Investments will invest in Inkia Energy, a Peruvian private power generation company, alongside I Squared Capital. 

According to the terms of the agreement, CPP Investments has agreed to acquire a 50 percent ownership stake in Inkia at a total enterprise value of $3.4 billion. The remaining 50 percent ownership stake will be acquired by an I Squared-led continuation vehicle.

Inkia operates a diversified and reliable generation portfolio of 2.6GW through its subsidiaries Kallpa Generación S.A. and Orazul Energy Peru S.A.

“Inkia operates a highly resilient power generation platform that aligns well with our long-term approach to investing in high-quality businesses that can deliver attractive risk-adjusted returns for the CPP Fund,” said Bill Rogers, managing director, head of sustainable energies, CPP Investments in a statement. “The transaction reflects CPP Investments’ continued focus on long-duration power generation assets with strong governance and sustainability practices, alongside our experienced partner I Squared.”

I Squared has been invested in Inkia since 2017.

CPP Investments has been investing in Latin America since 2006.