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
NSW Treasury Sifts Through Six Bids For TransGrid
Aug 28 15
AusNet Services (ASX:AST) is understood to have dropped out of the race for TransGrid, after failing to lodge a bid with the New South Wales (NSW) government. Industry sources said AusNet was expected to sit out the first leg of the three-part poles and wires privatization process, after failing to agree to terms with its largest shareholders and other potential bid partners. Street Talk understands six indicative bids for TransGrid were lodged at Deutsche Bank. The government is expected to shortlist four or five parties for further diligence and the auction's binding bid phase within the next week. It's understood bidders were not provided with any guidance on the shortlisting process, but were told the second round would be up and running in early September 2015. Final bids are scheduled for mid-November and the government is seeking to have the 99-year lease finalized by the end of the year. NSW Treasurer Gladys Berejiklian told Street Talk, ''A strong field of parties have lodged indicative bids for the long-term lease of TransGrid. The state's transaction team will now move to shortlist qualified parties for the lodgement of binding bids due in the coming months.''
Indicative Bids For TransGrid Placed
Aug 27 15
Six groups from four continents placed indicative bids on August 27, 2015 for TransGrid, a source told Reuters. The sale is valued about $12 billion. "A strong field of parties have lodged indicative bids for the long-term lease of TransGrid," NSW Treasurer Gladys Berejiklian said. A source with direct knowledge of the process told Reuters that five consortia bid and that the status of a sixth, including another electricity company, AusNet Services (ASX:AST), Singapore Power Ltd and State Grid Corporation of China was uncertain. An Ausnet spokesman confirmed the company had previously lodged a formal expression of interest but declined comment further. Other bidders included IFM Investors Pty Ltd, with QIC Limited, the source said. Another consortium to bid was Hastings Funds Management Limited, Spark Infrastructure Group (ASX:SKI), Abu Dhabi Investment Authority and Wren House Infrastructure Management Limited, with Caisse de dépôt et placement du Québec, the source said. A fourth bidder was Canadian pension fund investor Borealis Capital Corporation, Canada Pension Plan Investment Board and AustralianSuper Pty Ltd, the source said. Global Infrastructure Partners and China Southern Power Grid Co.,Ltd. joined up for a bid and Cheung Kong Infrastructure Holdings Ltd. (SEHK:1038) bid alone, the source added. State treasurer Berejiklian said the government "will now move to shortlist qualified parties for the lodgment of binding bids which will be due in the coming months". UBS AG and Deutsche Bank are handling the sale.
Investors Eyes Stake In TransGrid
Aug 19 15
The privatization of TransGrid, the first leg of the New South Wales poles and wires sale, is expected to fetch about $9 billion. Bidders include China Investment Corporation and Global Infrastructure Partners, while State Grid is hooking up with Macquarie's infrastructure arm.
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