December 26, 2014 6:25 PM ET

Electric Utilities

Company Overview of TransGrid

Company Overview

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, 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. TransGrid was formerly known as PacificGrid and changed its name in February...

201 Elizabeth Street

Sydney South, NSW 1235

Australia

Founded in 1950

Phone:

61 2 9284 3000

Fax:

61 2 9284 3456

Key Executives for TransGrid

Managing Director and Executive Director
Executive General Manager of Finance & Information Systems
Executive General Manager of Network Services & Operations
Board Secretary
Executive General Manager of Network Planning & Performance
Compensation as of Fiscal Year 2014.

TransGrid Key Developments

Spark Infrastructure In Talks For Potential Bidders For NSW Assets

Spark Infrastructure Group (ASX:SKI) has started talks with potential bid partners for a stake in NSW's $20 billion electricity distribution network. It's understood that Spark is seeking a North American pension fund or Australian superannuation fund to bankroll its bid. Spark is believed to be looking for at least two bid partners, which would ensure it could own 49% stake in a bidding consortia without ceding control to another party. The assets to be sold are split into Ausgrid, Endeavour Energy Australia, TransGrid. Deutsche Bank and UBS have to put forward a sale strategy to NSW Premier Mike Baird by the end of 2014. Early indications are that TransGrid and Endeavour could be sold as individual entities, while Ausgrid could be split into two or three parts. It is also possible that NSW floats at least one of the assets

Update On Buyers For NSW Power Firms

Australian and offshore investors are likely to bid for the electricity assets that will be privatized by the New South Wales Government. Buyers will gain a 99-lease on 49% stakes in the TransGrid, Endeavour Energy Austrlia and Ausgrid electric power transmission and distribution businesses. Local bidders are tipped to include DUET Group (ASX:SKI) and Spark Infrastructure Group (ASX:SKI).

Potential Bidders For NSW Power Firms

Cheung Kong (Holdings) Limited (SEHK:1), Singapore Power Ltd, State Grid Corporation of China, QIC Limited and North American pension funds have been touted as potential bidders for Ausgrid, TransGrid and Endeavour Energy Australia being sold by the NSW government.

Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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