Ontario Teachers' and Morrison increase ownership in Sydney Desalination PlantChristian Fernsby ▼ | March 25, 2020
Ontario Teachers' Pension Plan Board and Morrison, on behalf of the Utilities Trust of Australia ("UTA") are pleased to announce their acquisition of The Infrastructure Fund's ("TIF") ownership stake in the Sydney Desalination Plant ("SDP").
Australia Sydney Desalination Plant
Topics: Ontario Teachers Morrison Sydney Desalination Plant
Ontario Teachers', UTA and TIF acquired SDP in 2012 through a 50-year lease from the Government of New South Wales.
Powered by renewable energy, SDP can supply up to 250 million litres of drinking water per day, which is approximately 15 per cent of Sydney's water needs. ■