Company Overview of TransGrid
TransGrid owns, operates, and manages high voltage electricity transmission network that connects generators, distributors, and end users in New South Wales and the Australian Capital Territory. The company offers electricity transmission service through high voltage transmission lines and underground cables, and substations for homes, factories, and businesses. It also provides network planning, consultations, network connections, transmission pricing, and network support and demand management solutions. In addition, the company owns and operates telecommunications network comprising microwave radio systems and an optical fibre network. Its network is made up of approximately 12,900 kilomet...
180 Thomas Street
PO Box A1000
Sydney South, NSW 1235
Founded in 1950
Key Executives for TransGrid
Managing Director, Executive Director, Member of Board Health & Safety Committee, Member of Board Regulatory Committee and Member of Board Remuneration & Structure Committee
General Manager of Finance
Executive General Manager of Network Services & Operations
Executive General Manager of People & Corporate Services
Compensation as of Fiscal Year 2015.
TransGrid Key Developments
TransGrid To Be Privatized
Jun 25 15
The New South Wales government has kicked off the AUD 30 billion privatization of TransGrid with a formal call for expressions of interest in the long-term lease of transmission network owner TransGrid. TransGrid, worth about AUD 9 billion, is expected to be the most keenly sought of the assets. The deadline for expressions of interest in TransGrid is on July 14, 2015.
Deutsche Australia & UBS To Call EOI For TransGrid
Jun 23 15
NSW government, Deutsche Australia Limited and UBS AG, Australia Branch are preparing to call formal expressions of interest for TransGrid. There are eight known bidding camps, out of which only four or five expected to be taken through to TransGrid's auction. The biggest concern is engineers and each of the consortiums have either lined up or will line up technical engineering advisers, whose diligence will form the base of the eventual offer. The decision to choose four or five bidders is a difficult one. WorleyParsons Limited (ASX:WOR), sell-side advisor will release a report to bidders once confidentiality agreements are signed and the auction gets serious. A consortium including Hastings Funds Management Limited, Spark Infrastructure Group (ASX:SKI), Abu Dhabi Investment Authority, Caisse de dépôt et placement du Québec and Wren House Infrastructure is expected to be approved for the auction. QIC Limited, IFM Investors Pty Ltd along with Cheung Kong Infrastructure Holdings Ltd. (SEHK:1038) are expected to present a strong case. This most likely leaves only one spot for a China-backed consortium which could be- State Grid Corporation of China along with MIRA or China Southern Power Grid Co.,Ltd. with Global Infrastructure Partners or Singapore Power Ltd along with AusNet Services (ASX:AST).
NSW Mulls Privatization of TransGrid, Ausgrid And Endeavour Energy
May 29 15
Deutsche Australia Limited and UBS AG, Australia Branch, the government's joint advisers on the sale, won't be the highest fee taker, splitting AUD 35 million for what is expected to be three separate sale processes for Ausgrid, TransGrid and Endeavour Energy.
Similar Private Companies By Industry
Recent Private Companies Transactions
|No transactions available in the past 12 months.|