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, 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
Founded in 1950
Key Executives for TransGrid
Managing Director and Executive Director
Executive General Manager of Finance & Information Systems
Executive General Manager of Network Services & Operations
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
Sep 23 14
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
Jun 11 14
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
Jun 10 14
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.
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