Transgrid lease reaps more than $10 billion for NSW government

By Sean Nicholls
Updated November 25 2015 - 5:08pm, first published 4:19pm
The deal is the  first of three electricity asset privatisations the government is undertaking. Photo: Nic Walker
The deal is the first of three electricity asset privatisations the government is undertaking. Photo: Nic Walker
"A stunning result for the people of NSW": Mike Baird and Gladys Berejiklian on Wednesday. Photo: Peter Rae
"A stunning result for the people of NSW": Mike Baird and Gladys Berejiklian on Wednesday. Photo: Peter Rae

High voltage electricity company Transgrid has been privatised by the NSW government for $10.258 billion, via a 99-year lease to a consortium comprised of a Canadian pension fund, the Abu Dhabi Investment Authority and local infrastructure funds.

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