Unsolicited proposal received for Ausgrid

The NSW Government announced today it had received an unsolicited proposal for the partial long-term lease of Ausgrid from a consortium comprising AustralianSuper and IFM Investors.

As part of the standard process for unsolicited private sector proposals, the NSW Government has established an experienced cross-agency panel to thoroughly assess the proposal.

Premier Mike Baird said the Government was obliged to consider all unsolicited proposals based on their merit.

“The Government can receive unsolicited proposals at any time and has a thorough process in place to assess such proposals,” Mr Baird said.

Treasurer Gladys Berejiklian noted that while the Government would give the proposal full consideration, preparations to re-launch the Ausgrid transaction were continuing.

“This unsolicited proposal is another indication of the strong market interest for Ausgrid,” Ms Berejiklian said.

A final decision regarding the unsolicited proposal is expected to be made later this year.

Further information on the NSW Government’s unsolicited proposals process can be viewed at: www.nsw.gov.au/your-government/unsolicited-proposals.