Endeavour Energy




PROJECT
PIPELINE
STATUS

Prospective pipeline

Credibly proposed

Announced

Under procurement

Preferred bidder announced

Recently closed
Endeavour Energy
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: $7.624bn AUD
SECTOR: Energy
JURISDICTION: NSW
TYPE: Brownfield

Endeavour Energy is an electricity distribution network, servicing close to one million households and businesses across Western Sydney, the Blue Mountains, the Southern Highlands and the Illawarra.

On 5 December 2016, the NSW Government announced the start of the 99-year lease process for a 50.4 per cent stake in Endeavour Energy. The NSW Government called for Expressions of Interest (EOIs) from domestic and foreign investors.

Endeavour Energy had an estimated Regulatory Asset Base (RAB) value of $6.2 billion* at 1 July 2016.

On 11 May 2017, the NSW Government announced that it had awarded the lease to the Advance Energy consortium comprised of Macquarie Group, AMP Capital, British Columbia Investment Management and Qatar Investment Authority for $7.6 billion.


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