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
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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