Ownership Structure

Sydney Desalination Plant Pty Ltd, is jointly owned by the Ontario Teachers’ Pension Plan Board, The Infrastructure Fund (TIF) and Utilities Trust of Australia (UTA).

 

Ontario Teachers' Pension Plan Board

 

Teachers’ is the largest single-profession pension plan in Canada. An independent organisation, it invests and administers the pensions of 311,000 active and retired teachers in the province of Ontario. Teachers’ investments comprise a mix of equities (public and private), bonds, natural resources, real assets (real estate and infrastructure) and absolute return strategies. When Teachers’ started as an independent organisation in 1990, the plan’s assets totalled C$19 billion. Since then, the plan has grown to C$154.5 billion as at 31 December 2014. During this period, the plan achieved an average annual rate of return of 10.2%, consistent with its investment mandate to administer the pension plan and manage its investments to earn the best possible rate of return at an appropriate level of risk. Teachers’ has an implied credit rating of AAA from Standard and Poor’s and is headquartered in Toronto, with offices in London and Hong Kong.

 

Teachers’ has a dedicated infrastructure investment management arm known as Teachers’ Infrastructure Group (“TIG”). TIG is an internal, highly-specialised investment team formed in 2001 to invest and manage the plan’s infrastructure portfolio. TIG has developed strong experience in sourcing, financing, executing and managing infrastructure assets around the world. As at 31 December 2014, TIG managed assets valued at approximately C$12.6 billion including water and wastewater, electricity and gas distribution, airports, power generation, high-speed rail and port facilities.

 

For more information please visit Ontario Teachers’ Pension Plan Board website.