Hastings wins TransGrid in $10.3b deal

Angela Macdonald-Smith, Anthony Macdonald and Sarah Thompson

Updated Nov 25, 2015 – 6.52pm, first published at 10.02am

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The $10.258 billion sale of NSW's transmission grid to an international consortium has quelled concerns about the long-term financial threat to electricity networks from solar panels, wind farms and batteries.

A Middle East and Canadian-dominated consortium beat China's giant State Grid Corporation and two others to win the auction for TransGrid, which distributes electricity from power stations across the state.

Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables.

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.