NSW Treasurer Gladys Berejiklian said the transaction will benefit all NSW citizens.
“This is an important milestone in the partial lease of the State’s poles and wires and will allow NSW to finally reach its full potential,” Ms Berejiklian said.
The EOI for TransGrid is the first step in the 49 percent of the State’s electricity networks, which will also include the partial lease of Endeavour Energy and Ausgrid.
The poles and wires transaction plan is expected to generate $20 billion for NSW which will be invested into new roads, rail, hospitals and schools, new sports and cultural facilities, and water infrastructure as part of Rebuilding NSW.
Interested parties have until July 14, 2015 to lodge an EOI for the lease of TransGrid.