Has AusNet been sold?

Brookfield Wins Australia’s AusNet with $7.7 Billion Deal.

What happened to AusNet?

Victorian network utility AusNet Services appears certain to be entirely foreign owned after shareholders overwhelmingly approved the sale of the company to a consortium led by Canadian asset management group Brookfield.

Who is buying AusNet?

On 28 October 2021 the ACCC commenced a public review into a proposal by APA Group (APA) to acquire AusNet Services Ltd (AusNet) (the Proposed Acquisition). APA owns and operates gas and electricity infrastructure assets throughout Australia. AusNet owns and operates gas and electricity assets across Victoria.

Is AusNet Chinese owned?

AusNet Services is currently owned 31.1% by Singapore Power, 19.9% by State Grid Corporation of China and the other 49% is publicly owned. Singapore Power is wholly owned by Singapore investment fund Temasek which in turn is wholly owned by the Singapore government.

Is ausnet a private company?

On 16 February 2022 we became privately owned by Australian Energy Holdings No 4 Pty Limited, a company controlled by Brookfield Asset Management.

Who owns Mondo power?

Brookfield Asset Management
Our commercial business Mondo provides a range of services and solutions to enable community energy hubs and solar mini grids. controlled by Brookfield Asset Management.

How does AusNet make money?

We collect revenue through network costs charged on customer bills. The amount we can charge for supply is determined by an independent body, the Australian Energy Regulator (AER).

Who is the CEO of AusNet Services?

Tony Narvaez –
Tony Narvaez – CEO – AusNet Services | LinkedIn.

What does Brookfield own in Australia?

Brookfield Infrastructure owns utilities, transport, energy and communications infrastructure in North and South America, Europe and Australia. It owns the Westnet rail business in Western Australia state and controls the Dalrymple Bay Coal Terminal in Queensland.

Is AusNet a private company?

How big is AusNet?

We’re a team of 1,500 employees who service over 1.5 million Victorians. We own and operate 3 regulated networks: electricity distribution, gas distribution and the state-wide electricity transmission network. Our purpose is simple: Connect communities with energy and accelerate a sustainable future.

Is Mondo part of AusNet?

AusNet Services’ commercial energy businesses will, from December 3rd, be known as Mondo.