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Transgrid advised on $385m underwriting agreement
Global law firm King & Wood Mallesons has advised Transgrid on a $385 million federal underwrite of critical supplies for Australia’s energy transition.
Jerome Doraisamy
Firm: King & Wood Mallesons (Transgrid).
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Deal: Transgrid has been advised on an underwriting agreement with the Commonwealth to expedite and secure orders for critical transmission equipment, “that will accelerate the delivery of essential transmission infrastructure for Australia’s energy transition”, KWM said in a statement.
“The underwriting agreement will enable Transgrid to bundle their procurement for major projects such as HumeLink, VNI West and EnergyConnect, to enable it to compete globally for highly sought-after equipment and deliver critical infrastructure faster and cheaper for consumers,” the firm noted.
Area: Energy.
Value: $385 million.
Key players: The KWM team was led by partner Vishal Ahuja, who was supported by senior associate Shirly Cheng and solicitor Tiffany Yang.
Deal significance: Mr Ahuja said, “Congratulations to Transgrid on securing this underwriting agreement that will play a strategic part in Australia transitioning to a clean energy future.”
