Ontario Teachers’ Pension Plan Board and the Utilities Trust of Australia (UTA) have increased their ownership stakes in the Sydney Desalination Plant (SDP) to 60% and 40% respectively.

Ontario Teachers and Morrison & Co, on behalf of UTA, said they have increased their holdings in SDP with their acquisition of The Infrastructure Fund’s (TIF) ownership stake in the plant. Financial details were undisclosed.

SPD, which is Sydney’s only non-rain dependent source of drinking water, supplies up to 15% of the Australian city’s needs.

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