New South Wales kicks off US$13bil energy sale


SYDNEY: Australia’s New South Wales state has kicked off its much-anticipated A$17bil (US$13bil) energy sale, with keen interest expected from Canadian and Australian pension funds as well as Chinese state-owned enterprises.

State treasurer Gladys Berejiklian said the country’s most populous state would give potential bidders until July 14 to register their interest to buy 49% of power transmission company TransGrid.

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Business , australia , privatisation , energy

   

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