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. Its network consists of approximately 12,900 kilometers of high voltage overhead transmission line and 82 kilometers of underground cable operating at voltages of up to 330kV; 99 substations and switching stations; 37,241 transmission structures; and 6 interconnectors to Victoria and Queensland’s transmission network. The company also owns and operates telecommunication network, which includes 2,300 kilometers of optical fiber network and 123 radio towers. TransGrid was founded in 1950 and is headqua...
180 Thomas Street
Sydney, NSW 1235
Founded in 1950
Key Executives for TransGrid
Chief Executive Officer, Executive Director, Member of Board Remuneration & Structure Committee, Member of Board Regulatory Committee and Member of Board Health & Safety Committee
General Counsel and Company Secretary
Executive General Manager of Business Growth and Revenue
Executive General Manager of Project Services
Compensation as of Fiscal Year 2015.
TransGrid Key Developments
State Grid And Macquarie Reportedly Set To Bid For TransGrid
Nov 23 15
State Grid Corporation of China is poised to make a knockout bid in partnership with infrastructure arm of Macquarie Group Limited (ASX:MQG) for TransGrid and is known to be funding its bid with 80% debt. State Grid and Macquarie are among the four final parties competing for the asset that is expected to sell for more than $8 billion.
NSW Government Reportedly To Receive Binding Offer For TransGrid From CPPIB
Nov 19 15
Canada Pension Plan Investment Board is partnering with AustralianSuper Pty Ltd to make a bid for TransGrid. The final bids for Transgrid are due on Monday, November 23, 2015, reported Australian Financial Review.
NSW Government Reportedly Prepares To Receive Binding Offers For TransGrid
Nov 12 15
Few people would ever have heard of Power NSW Finance Company Pty Ltd, however, it is the bidder on everyone's lips as the NSW government prepares to receive binding offers for the first of three power privatizations, TransGrid. It's understood the innocuous-sounding Power NSW Finance Company is the special purpose vehicle set up by State Grid Corporation of China and Macquarie Group Limited's (ASX:MQG) infrastructure arm, Macquarie Infrastructure and Real Assets. The group's special purpose vehicle, which is seen as a strong favourite to take out the $8 billion-odd TransGrid and at least one other NSW power company in the coming 12 months, is overseen by State Grid representatives Lequan Li and Yanli Liu and MIRA's Patrick McCawe and Kieran Zubrinich. Macquarie's Lyndal Coates lines up as the company secretary. All directors are expected to require security clearances as part of the sale. NSW's advisers Deutsche Bank and UBS are calling for binding bids for TransGrid on November 23, 2015.
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