Sydney Australia
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Australia Largest Electricity Distributor Privately-Owned $17 Billion Ausgrid Plans Sale of Australia Largest Smart Meter Unit (Plus Es) for $2 Billion (AUD 3 Billion), Ausgrid was Privatized in 1996 by Australia State of New South Wales (NSW) & Investor Consortium, Updated Shareholders in 2022 IFM Investors 25.2%, APG Asset Management 16.8%, AustralianSuper 8.4% & NSW (Electricity Retained Interest Corporation) 49.6%

27th January | Hong Kong

Australia largest electricity distributor privately-owned Ausgrid ($17 billion valuation) is reported to be planning for sale of Australia largest smart meter unit (Plus Es) for $2 billion (AUD 3 billion).  Ausgrid was privatized in 1996 by Australia State of New South Wales (NSW) & an investor consortium.  Updated Shareholders in 2022 – IFM Investors 25.2%, APG Asset Management 16.8%, AustralianSuper 8.4% & NSW (Electricity Retained Interest Corporation) 49.6%.  Ausgrid – Ausgrid is Australia’s largest distributor of electricity, provided products and services to 1.7 million customers in Sydney, the Hunter and the Central Coast.  Since becoming a new business on 1 December 2016, Ausgrid has begun a significant transformation program to deliver three clear priorities – providing affordable, reliable and sustainable energy.  Ausgrid operates, maintains and builds the grid powering Sydney – the nation’s largest economy – and our diverse customer base ranges from family homes, to small businesses, rural customers and large national and global corporations. The grid supplies industries such as mining, manufacturing, oil refining, shipping, engineering, tourism and agriculture.  As the energy sector rapidly evolves, Ausgrid is working to ensure its investment decisions and service delivery meets all customers’​ needs. We are committed to consulting with stakeholders and customers, drive down operating costs and ensure customers are getting value for money.  Our vision is to be a leading energy solutions provider, recognised both locally and globally. Ausgrid will continue to connect communities and empower lives and the business will achieve that by working closely with customers and stakeholders.

“ Australia Largest Electricity Distributor Privately-Owned $17 Billion Ausgrid Plans Sale of Australia Largest Smart Meter Unit (Plus Es) for $2 Billion (AUD 3 Billion), Ausgrid was Privatized in 1996 by Australia State of New South Wales (NSW) & Investor Consortium, Updated Shareholders in 2022 IFM Investors 25.2%, APG Asset Management 16.8%, AustralianSuper 8.4% & NSW (Electricity Retained Interest Corporation) 49.6% “

 



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Australia Largest Electricity Distributor Privately-Owned $17 Billion Ausgrid Plans Sale of Australia Largest Smart Meter Unit (Plus Es) for $2 Billion (AUD 3 Billion), Ausgrid was Privatized in 1996 by Australia State of New South Wales (NSW) & Investor Consortium, Updated Shareholders in 2022 IFM Investors 25.2%, APG Asset Management 16.8%, AustralianSuper 8.4% & NSW (Electricity Retained Interest Corporation) 49.6%

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