Ausgrid




PROJECT
PIPELINE
STATUS

Prospective pipeline

Credibly proposed

Announced

Under procurement

Preferred bidder announced

Recently closed
Ausgrid
STATUS

Prospective pipeline

Greenfield (construction) or brownfield (government asset divestment) projects needed or likely to occur within the next five years, but is not formally proposed by a state, territory or major local government.

Credibly proposed

The project or divestment is supported by a state, territory or major local government, is subject to studies or other processes (such as pre-feasibility or scoping studies or business case development), and is likely to proceed to formal announcement.   

Announced

The project has a firm commitment and timeline from a state, territory or major local government, but has not yet entered the market.

Under procurement

The project or transaction is under procurement (such as a call for Expressions of Interest, requests for tender, or another offer to the market).

Preferred bidder announced

A preferred bidder has been selected and is in exclusive negotiations.

Recently closed

Projects that have progressed to contractual close remain on ANZIP for 12 months.

ANZIP is focused only on major infrastructure activity, above the following thresholds:

Australia

Construction projects: > AUD$300m

Investable greenfield & brownfield: > AUD$100m

New Zealand

All greenfield and brownfield projects and divestments: > NZD $100 million


STATUS: Recently closed
VALUE: $16.189bn AUD
SECTOR: Energy
JURISDICTION: NSW
TYPE: Brownfield

Ausgrid is New South Wales´ largest electricity distribution network by customer base, servicing more than 1.68 million customers across an area of 22,275 square kilometres from Waterfall in Sydney's south, Auburn in Sydney's western suburbs and north to the Upper Hunter.

The NSW Government reached financial close with a consortium comprised of IFM Investors and AustralianSuper in December 2016 for a 99-year lease of a 50.4 per cent stake in Ausgrid for a gross total of $16.189 billion. This was the result of an unsolicited proposal by the consortium submitted in September 2016 and an assessment by a cross-agency panel established by the NSW Government.

Two earlier bids for the lease of Ausgrid were rejected by the Federal Government in July 2016 after an assessment by the Foreign Investment Review Board (FIRB). Ausgrid reported revenues of $2.6 billion in FY2015/16, and had total assets of circa $15.960 billion.


Presented by


Government sponsors

treasury-website-logobw

Supporting agencies

 
nzte-logo_web

 

 

doird_strip_web_trans
ia_trans