Isolux Infrastructure sells transmission concession in Texas to PSP Investments

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Isolux Infrastructure sells transmission concession in Texas to PSP Investments

Isolux Infrastructure, a Spanish concession company, has sold its transmission concession in Texas to PSP Investments, a Canadian investment manager.

Under the transaction terms PSP Investments will pay US$220 million to Isolux, of them US$105 million has already been paid.

The transmission concession involves the construction, operation and maintenance of seven transmission lines, approximately 600 km, and five 345 kV substations in West Texas.

Isolux Infrastructure currently develops and operates a large portfolio of assets and projects, with an investment totalling more than US$11,000 billion.It has 1,643 km of highways under concession, 5,959 km of transmission lines and through Grupo T-Solar has solar photovoltaic power with 326 MW in operation and under development.

PSP Investments invests funds for the pension plans of the Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force.

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