Transmission Infrastructure
Brookfield has owned and operated transmission assets for over 80 years in Canada, an attractive asset class that delivers long term sustainable cash flows. We recently expanded our transmission infrastructure platform internationally in partnership with three institutional investors.
Brookfield established its $2.8 Billion Chilean Transmission Fund in 2006 with the acquisition of over 8,000 kilometres of transmission lines and 51 power stations in Chile. The assets we acquired form the backbone of the Chilean electricity sector, delivering power to approximately 99 percent of the Chilean population through various local distribution companies. The formation of this Fund furthers our strategy of investing with partners in essential, long life, high quality, infrastructure assets that generate stable and growing cash flows with high barriers to entry and low maintenance capital expenditures. The Fund also provides us with a strong foothold in the Chilean market and generates inflation adjusted regulatory returns with the opportunity to invest in additional rate base at attractive returns. The acquisition of these assets expands our transmission portfolio to over 11,000 kilometers in Northern Ontario and South America and our transmission assets under management to over $3 billion.
