Caisse de dépôt et placement du Québec acquires a participation interest in Innergex Renewable Energy Inc.

    MONTREAL, Dec. 6 /CNW Telbec/ - Caisse de dépôt et placement du Québec
("Caisse") announced today that, concurrently with the closing of the initial
public offering of Innergex Renewable Energy Inc. ("Innergex"), it has
acquired, by way of private placement, ownership and control over 2,544,009
common shares of Innergex (the "Shares") representing approximately 10.8% of
Innergex's currently outstanding Shares. This news release is being issued
under the early warning provisions of Canadian provincial securities
    Caisse has subscribed for the Shares for investment purposes only.
Depending on market conditions and other factors that Caisse may deem material
to its investment decisions, Caisse may in the future acquire Shares or other
securities of Innergex, in the open market or in privately negotiated
purchases or otherwise, and may also, depending on then-current circumstances,
dispose of all or a portion of Shares or other securities of Innergex, in one
or more transactions, in each case to the extent then permitted by applicable
law and regulation.
    Caisse, subject to certain exceptions, has agreed that it will not,
without the prior consent of BMO Nesbitt Burns Inc. and CIBC World Markets
Inc. (on behalf of the underwriters to the initial public offering of
Innergex), which consent may not be unreasonably withheld, sell or issue
Shares, or grant any options, warrants or other rights to acquire any Shares
for a period of six months following the issuance of the Shares to Caisse.

For further information:

For further information: The address of Caisse as well as the name and
telephone number of an individual to contact in order to obtain a copy of the
early warning report of Caisse are as follows: Annie Vallières, Media
Relations, (514) 847-5493; Caisse de dépôt et placement du Québec, 1000, Place
Jean-Paul-Riopelle, Montréal, Québec H2Z 2B3

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