Quebec’s public pension fund manager and the U.K.-based infrastructure investment manager will invest as much as 30 per cent of the capital for the project, making them the largest private investors, according to French business newspaper Les Echos. (Les Echos)
Talking point: Greenlighted last month, the Sizewell C project is expected to provide electricity for six million homes upon completion in the mid-2030s. Yet costs in the majority U.K. government-owned project have ballooned, with some estimates reaching as high as US$49 billion. In May, La Caisse CEO Charles Emond said the fund manager would increase its allocation to U.K. assets by 50 per cent, investing more than £8bn over the next five years.